AX Coin, the stablecoin issuer under AXG, has signed a non-binding MOU with Infinios, a fintech firm operating in the Gulf Cooperation Council. The agreement focuses on building regulated wallet infrastructure and digital payment systems to support stablecoin use across institutional and merchant channels.
AX Coin, the stablecoin issuer under AXG, today announced the signing of a non-binding Memorandum of Understanding (“MOU”) with INFINIOS,@InfiniosCom , a leading fintech company in the Gulf Cooperation Council. The collaboration focuses on developing regulated wallet… pic.twitter.com/QCa1E5SA2d
— AXG (@AlloyX_Limited) May 15, 2026
Stablecoin payments move toward faster cross-border transfers
At the centre of the plan is a wallet framework that connects AX Coin’s settlement layer with Infinios’ payment infrastructure. The setup aims to support custodial and non-custodial wallets, multi-currency virtual accounts, and direct fiat on- and off-ramps for stablecoin transactions.
AX Coin has received in-principle approval from the Central Bank of Bahrain, which adds a regulatory base for the planned integration.
Banks and digital assets are linked in one system
The partnership is designed to link traditional banking systems with blockchain-based settlement. Client fiat balances held with regulated banking partners will be connected directly to AX Coin’s settlement flow, enabling faster cross-border transfers.
The system is expected to support real-time business-to-business payments, automated pay-in and pay-out services, and smoother movement between fiat and stablecoin balances.
Both firms also plan full API integration to handle reporting, reconciliation, and transaction tracking, allowing institutions to manage digital assets within a controlled and auditable environment.
GCC pushes regulated stablecoin use cases
Beyond the technical layer, the partnership also focuses on distribution across institutional, merchant, and retail channels. The goal is to create a unified system that allows users to fund accounts, hold stablecoins, and settle payments without switching between multiple platforms.
Executives from both companies said the collaboration is aimed at improving speed, reducing transaction costs, and strengthening compliance in digital payments.
The move reflects a wider trend in the Gulf region, where regulators and fintech firms are increasingly exploring stablecoin frameworks as part of broader financial modernization efforts, especially in cross-border trade and digital banking services.
Notably, Stablecoin usage has surged across blockchain networks, with data from DeFiLlama showing more than $1 trillion in transaction volume processed in a single month. The figures highlight stablecoins’ central role in digital asset markets as activity spreads across multiple chains.
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