Brief: Klevo Rewards To Launch Stablecoin Trial
15/06/2026 11:27
BRIEF-Klevo Rewards To Launch Stablecoin Trial June 15 (Reuters) - Klevo Rewards Ltd KLV.AX:
KLEVO TO LAUNCH STABLECOIN TRIAL
UNIT RECEIVED LEGAL ADVICE FROM HAMILTON LOCKE FOR PROPOSED KLVAUD AUSTRALIAN DOLLAR-BACKED STABLECOIN.
ANTICIPATES LAUNCH OF ITS STABLECOIN TRIAL BY 30 JUNE
KLVAUD IS EXPECTED TO QUALIFY AS ELIGIBLE STABLECOIN UNDER ASIC'S CURRENT STABLECOIN RELIEF FRAMEWORK
KLVAUD IS PROPOSED TO BE FULLY BACKED 1:1 BY AUSTRALIAN DOLLARS HELD IN SEGREGATED RESERVE ACCOUNTS
Further company coverage: KLV.AX