Genius Group invests 5 million USD to acquire shares in Jewel Bank
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According to reports, Nasdaq-listed company Genius Group has made a strategic investment of 5 million US dollars in digital bank Jewel Bank, acquiring a 9.9% equity stake. Jewel Bank is developing the US dollar stablecoin JUSD, which plans to be backed 1:1 by cash and US Treasury reserves. The launch is targeted for May 2026, and the bank also intends to introduce a real-time settlement system, enterprise white-label banking, and stablecoin services. Genius Group will enter the regulated digital banking and stablecoin issuance sector.
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