Ant Group Slams the Brakes on RWA and Stablecoin Rumor Train!

Buckle Up: Ant Financial Denies Hot Gossip with Hainan Huatie

Hold onto your hats, crypto fans! Ant Group, the fintech juggernaut under Alibaba's wing, just threw cold water on those sizzling rumors. They've officially denied any secret handshake deal with Hainan Huatie, a slick AI-computing outfit from China, in the wild world of RWA and stablecoins.

Word on the street was that Ant's digital tech arm was teaming up with Hainan Huatie for some next-level web3 adventures. But in a fiery statement dropped on WeChat, Ant Group squashed those whispers, saying there's no deal, no plan, no nothing between them and Hainan Huatie.

The rumor mill was grinding overtime, spinning tales of Ant gearing up for a blockbuster partnership. But Ant Group set the record straight: no formal agreement, no business cuddles, and definitely no project action with Hainan Huatie.

And they didn't stop there! Ant Group also took a flamethrower to other false rumors floating around about Ant Digital diving into web3, RWAs, and stablecoins with other shadowy partners.

"Some companies are out there hyping up RWA and stablecoins, dropping our name like it's hot," Ant Group's statement roared. "But let's be clear: it's all smoke and mirrors."

"Watch out for those market rumors, folks," they warned. "And keep your eyes peeled for investment risks."

Ant Group isn't messing around. They're ready to throw down the legal gauntlet on anyone spreading lies and using their name for shady publicity stunts. Is this connected to earlier buzz about Ant International chasing stablecoin licenses in Hong Kong, Singapore, and Luxembourg? The jury's still out on that one.

Just last week, on June 12, a company spokesperson spilled the beans: Ant Group's international crew is indeed gunning for a stablecoin issuer license in Hong Kong, once the city's Stablecoins Ordinance kicks in come August 2025.

Under the new rules, anyone wanting to issue stablecoins tied to the Hong Kong dollar or operate in the region needs to get a thumbs-up from the Hong Kong Monetary Authority.