AlloyX Limited announced a strategic partnership with Bahrain FinTech Bay to accelerate the development and adoption of regulated stablecoin applications, reinforcing Bahrain’s status as a regional digital finance hub. Under the collaboration, AlloyX will collaborate with Bahrain FinTech Bay’s innovation ecosystem to explore next-generation stablecoin use cases with leading global and regional payments and technology partners. The partnership aligns with AlloyX’s plans to seek regulatory approval and subsequently launch its stablecoin in the market.
Dr. Thomas Zhu, Co-Founder and CEO of AlloyX, stated that the partnership aligns with the company’s vision for digital finance and underscores its commitment to building compliant, scalable stablecoin solutions in Bahrain that could benefit the GCC region and global markets. Xavier George, Managing Director of AlloyX, noted that the collaboration will strengthen the region’s leadership in stablecoin innovation and pave the way for ongoing advancements toward the product’s launch.
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