Solowin's (AXG) AX Coin Bahrain stablecoin issuer said Friday that it has signed a non-binding memorandum of understanding with Infinios Financial Services to develop regulated wallet infrastructure and digital payment solutions to increased stablecoin adoption.
Stablecoins are a type of cryptocurrency whose value is tied to an external asset.
AX Coin Bahrain said the partnership will focus on digital asset integration based on a comprehensive, regulated wallet stack.
Under the agreement, AX Coin will plug directly into Infinios' payments infrastructure, which will allow the companies to enable custodial and non-custodial wallet solutions using regulated third party and partner frameworks, multi-currency virtual accounts, and seamless fiat on/off ramps for stablecoins.
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