AXG's AX Coin and Singapore's FOMO Pay Partner to Bring US Dollar and Bahraini Dinar Stablecoins to — 2026-06-15

## Short Segments ## Feature Story AXG's AX Coin and Singapore's FOMO Pay are teaming up to revolutionize cross-border digital payments with the introduction of US Dollar and Bahraini Dinar stablecoins. This partnership marks a significant development in the stablecoin landscape, as AXG has recently secured Bahrain's first stablecoin issuer license, a move that integrates sovereign central bank supervision, a profit-sharing mechanism, and Sharia compliance. These elements provide AXG with a competitive edge over mainstream stablecoins like USDT and USDC, which have yet to achieve such a comprehensive regulatory framework. FOMO Pay, a major payment institution in Singapore, is no stranger to stablecoin innovation. The company has previously integrated Ripple's USD-backed stablecoin, RLUSD, and joined the Global Dollar Network to expand its stablecoin payment infrastructure. By partnering with AXG, FOMO Pay aims to enhance its cross-border payment capabilities, offering its clients seamless access to stablecoin transactions denominated in both US Dollars and Bahraini Dinars. This collaboration is poised to address the growing global demand for digital asset transactions, which have seen transaction volumes reach $4.6 trillion. The integration of AXG's stablecoins into FOMO Pay's services will allow merchants, corporates, and financial institutions to conduct cross-border transactions with greater efficiency and reduced costs. Moreover, the partnership underscores the increasing importance of regulatory compliance and interoperability in the stablecoin sector, as more countries and financial institutions seek to harness the benefits of digital currencies while ensuring financial stability and security. As the stablecoin market continues to evolve, the collaboration between AXG and FOMO Pay could set a precedent for future partnerships, highlighting the potential for stablecoins to transform the global payments landscape. Looking ahead, the success of this partnership will likely depend on the ability of both companies to navigate the complex regulatory environments of their respective regions and to deliver on the promise of faster, cheaper, and more secure cross-border transactions. For now, the introduction of US Dollar and Bahraini Dinar stablecoins into FOMO Pay's ecosystem represents a significant step forward in the adoption of digital currencies for international payments. Stay tuned as we continue to monitor the impact of this partnership on the broader crypto-infrastructure landscape.