FinTech giant Ant Group to integrate Circle’s USDC stablecoin into their global payment infrastructure 🐜🪙; Revolut seeks $65 billion valuation in latest funding round 😳🦄

FinTech is Eating the World, 11 July

Hey Everyone,

Good morning & happy Friday! What a week it was in FinTech - digital workers overtaking finance, crypto getting mainstream, massive AML fines, etc. 🤯 But the good thing is that it’s not over yet as today we’re looking into FinTech giant Ant Group, which is planning to integrate Circle’s USDC stablecoin into their global payment infra (what it’s all about & why it could be huge + bonus reads about other stablecoin initiatives in APAC & the ultimate resource list on stables), and Revolut that now seeks $65 billion valuation in its latest funding round (why it matters & what to expect next + bonus deep dives into Revolut and challenger Chime that just went public). So let’s jump straight into the finnovative stuff 🌶️

FinTech giant Ant Group to integrate Circle’s USDC stablecoin into their global payment infrastructure 🐜🪙

The news 🗞️ Jack Ma's FinTech giant Ant Group has announced plans to collaborate with Circle Internet Group CRCL 0.00%↑ to incorporate the USDC stablecoin into its blockchain-based payment platform.

This marks another major milestone in the institutional adoption of digital currencies, especially for cross-border transactions.

Let’s take a look at this, understand why it could be huge, and see what to expect next.