BABA: Ant Group to Integrate USDC on Its Blockchain — While a $433M Legacy Still Casts a Shadow
Bacaan 1 minit
Court: S.D. New York
Case: 1:20-cv-09568
⚡ Key Points:
- Ant to adopt Circle’s USDC pending U.S. approval
- Platform supports over $1T in global payments
- $433.5M investor settlement still unresolved
Alibaba’s affiliate Ant Group is diving deeper into stablecoins, positioning itself as a key player in cross-border digital finance.
🌐 USDC Set to Join Ant’s Expanding Blockchain
- Ant Group’s international arm plans to integrate Circle’s USDC stablecoin onto its proprietary blockchain.
- The move will begin once U.S. regulators approve the dollar-pegged token under new federal rules.
- Ant’s platform already processes over $1 trillion annually, with a third settled on-chain — making it a massive global player.
- The initiative aims to host regulated digital dollars, tokenized bank deposits, and central bank digital currencies side by side.
🪙 Global Expansion and Regulatory Ambitions
- Ant International is applying for stablecoin licenses in Singapore, Hong Kong, and Luxembourg.
- The company has also worked closely with the People’s Bank of China on the development of the digital yuan.
- If USDC integration goes live, Ant could become the largest overseas corporate user of a U.S.-issued stablecoin — a powerful statement of intent in a fragmented crypto landscape.
⚖️ Meanwhile: $433.5M Still on the Table
- At the same time, Alibaba — Ant’s parent company — agreed to a $433.5 million settlement with
BABA investors over claims it failed to disclose key risks ahead of Ant’s 2020 IPO. - The IPO’s abrupt suspension, along with antitrust probes, triggered a combined 21% drop in BABA stock across two sessions.
- Shareholders allege Alibaba misled them about regulatory threats affecting Ant’s lending practices and business model.
- If you owned BABA shares between late 2020 and early 2021, you may still be eligible to claim a payout.
🔍 Final Take
- Ant Group’s USDC move could redefine global blockchain payments — and elevate Alibaba’s fintech reach.
- But for many investors, the scars from the blocked IPO haven’t fully healed.
You can check more information about the BABA settlement and file for payment HERE.