Klevo to launch stablecoin trial
Filed with ASX · · 1 page · English
Summary by 6ix AI
Klevo Rewards Limited announces the launch of a stablecoin trial for its subsidiary, Fly Wallet Pty Ltd, which has received legal advice confirming its compliance with regulatory frameworks. The proposed stablecoin, KLVAUD, will be backed one-to-one by Australian dollars in segregated reserves and aims to enhance Fly Wallet's payment and rewards ecosystem. The company expects to initiate the stablecoin trial by the end of June in the year following this announcement.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Klevo Rewards
- Response to ASX Price and Volume Query
- Klevo to acquire two AFS licensed companies
- Klevo to acquire an Australian Credit Licence holder
- Q1 2026 Performance Update
- Klevo receives $2 million Mastercard incentive
Later from Klevo Rewards
- Klevo Successfully Completes Stablecoin Platform Trial
- Stablecoin announcement clarification
- Klevo Completes Acquisition of Australian Credit Licence
- Notice of Extraordinary General Meeting/Proxy Form
- Completion of Acquisition of AFS Licence Company
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