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2025-06-15 05:40:39 -

Ant Group’s unit to seek stablecoin permits in Hong Kong, Singapore – report
Jack Ma-backed Ant Group Co’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, Bloomberg reported on Thursday, quoting people familiar with the matter. Singapore-headquartered Ant International will apply for the stablecoin issuer’s licence in Hong Kong as soon as the city’s Stablecoins Ordinance goes into effect in August, the...

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2025-05-29 07:51:35 -

StraitsX partners Ripple to launch XSGD Stablecoin on the XRP Ledger
StraitsX, a Singapore-based digital payment infrastructure provider, announced Tuesday the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a decentralized layer-1 blockchain. The firm said in a statement that the deployment marks the first phase of a broader collaboration with Ripple, a contributor to the XRP Ledger and a global leader in enterprise blockchain...

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