Ant International ‘seriously considering’ stablecoin license applications

Singapore-headquartered financial technology company Ant International is “seriously considering” stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday.

“Firstly, we will not be focusing on crypto transactions,” Ant International’s Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore.

“On the other side, we’ll be focusing on global payments. We believe stablecoins are an important means that will enable us to provide global payments in much more efficient way…