Wu learned that according to Bloomberg, Ant Group Co.'s international business unit is planning to apply for stablecoin licenses in Singapore and Hong Kong. According to informed sources, Singapore based Ant International will immediately apply for a stablecoin issuer license in Hong Kong after the implementation of the Stablecoins Ordinance in August. In addition to Singapore, the company also plans to seek licenses in Luxembourg. According to informed sources, this move aims to strengthen the company's blockchain business to support its cross-border payment and fund management services. They stated that Ant Financial processed over $1 trillion in global transactions last year, one-third of which were handled by its blockchain based Whale platform. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43902