AXG Group’s AX Coin and Bank of Bahrain and Kuwait (BBK) seize the initiative, embracing the trillion-dollar digital currency transformation opportunity

Gelonghui, July 3 — Huaying Group (Nasdaq: AXG)’s regulated stablecoin issuer AX COIN BAHRAIN B.S.C. (Closed) (“AX Coin”) has signed a memorandum of understanding with a leading exchange in the Kingdom of Bahrain’s retail and corporate banking sector. The aim is to explore opportunities to develop regulated stablecoin infrastructure to support institutional payments, treasury operations, and cross-border settlements.

This collaboration comes at a time when stablecoins continue to see robust growth in digital finance and the global banking industry. This trend is mainly driven by institutions’ rising demand for faster, more efficient, and lower-cost financial solutions, especially for cross-border payments, treasury management, and digital savings.

Recent forecasts indicate that by 2028, up to 1 trillion US dollars may shift from bank deposits in emerging markets into stablecoins, reflecting institutions’ growing interest in such solutions.

According to the memorandum, the exchange and AX Coin will assess a range of regulated stablecoin application scenarios in areas such as institutional payments, remittances, and cross-border settlements. The partnership will combine the bank’s mature banking expertise with AX Coin’s approved digital asset infrastructure to explore secure, compliant, and scalable financial solutions for banks, financial institutions, fintech companies, and corporate clients.