Solowin's AX Coin Bahrain Signs Agreement With Infinios to Boost Stablecoin Adoption

MT Newswires Live05-15 21:08

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment