Alibaba-backed firm eyes partnership with Circle’s USDC
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最新报道：Alibaba-backed fintech firm ANEXT Bank is exploring a partnership with Circle to integrate USDC stablecoin services for small and medium enterprises in Singapore. The Monetary Authority of Singapore (MAS)-licensed digital bank aims to facilitate cross-border payments and treasury management using USDC, potentially launching pilot programs in 2024. ANEXT Bank CEO Toh Su Mei emphasized the collaboration could help SMEs overcome traditional banking challenges like high fees and slow transactions. Circle's Asia-Pacific VP Raagulan Pathy noted the move aligns with growing institutional demand for blockchain-based financial solutions in the region. The talks follow ANEXT's recent $100 million digital assets initiative announced in June.
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