Ant Group's Vice President responds to stablecoins: License application has been initiated and multiple rounds of communication have taken place with regulators.

On June 12, Bian Zhuoqun, vice president of Ant Group and president of Ant Digital's blockchain business, revealed in an interview with reporters today that Ant Digital has started to apply for a Hong Kong stablecoin license and has conducted several rounds of communication with regulators. It is reported that Ant Digital has listed Hong Kong as its global headquarters this year, and has completed the pilot trial of the regulatory sandbox in Hong Kong. Bian Zhuoqun made the above remarks at the SNEC Shanghai PV Exhibition on June 12, the same day that Ant Digital and GCL-ET jointly announced the establishment of a new company, "Ant Xinneng". Bian Zhuoqun said that stablecoins, as a bridge between traditional finance and tokenized assets, have broad market potential. Its core value lies in the expansion of use scenarios and the construction of compliance. Starting from industry and technology, Ant Digital is committed to building digital trading scenarios based on stablecoins and promoting the development of new asset classes with technology as the core of the industry. At the same time, by providing a secure, reliable, and compliant infrastructure, Ant Digital provides a new incremental market for stablecoin trading and improves transaction efficiency and liquidity.