ZAWYA: SOLOWIN HOLDINGS (AXG)'s AX Coin and the BENEFIT Company sign MOU to explore stablecoin applications
MANAMA, Bahrain, SOLOWIN HOLDINGS NASDAQ:AXG ("AXG" or the "Company") today announced that AX Coin Bahrain B.S.C. (C) ("AX Coin"), the Company's stablecoin issuance entity and a key subsidiary, has signed a non-binding Memorandum of Understanding (the "MOU") with The Benefit Company B.S.C. (C) ("BE…
➤ AX Coin Bahrain and The Benefit Company (Bahrain's national electronic financial transactions hub) have signed an MOU to explore stablecoin applications within Bahrain's payment ecosystem.
➤ The collaboration aims to assess how stablecoin technology can complement existing national payment infrastructure, focusing on areas like remittances, merchant settlements, and cross-border transactions.
➤ This initiative aligns with Bahrain's strategy to foster fintech innovation and positions the Kingdom as a regional hub for regulated digital finance, with AX Coin having received in-principle approval from the Central Bank of Bahrain.