Pine Labs Launches Stablecoin
Pine Labs will launch a stablecoin-backed prepaid card. The launch will be in nine countries by April.
Nadia Okonkwo
Tech & Business Reporter
Introduction to Pine Labs
Pine Labs, a fintech firm backed by Temasek and Peak XV, plans to launch a stablecoin-backed prepaid card across nine countries in the Middle East, Africa, and Southeast Asia by the end of April.
Launch Details
The company's CEO, Amrish Rau, stated that the launch will take place in countries with a stablecoin-friendly stance, without specifying the exact countries.
The move marks the first attempt by an Indian payments major to tap the fast-growing market.
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SOURCES & REFERENCES
This article was researched and compiled by the PulseAfrica editorial team using information from international news sources including Reuters, BBC Africa, Al Jazeera, AFP, and local African media outlets. PulseAfrica is committed to accurate, balanced and independent journalism covering all 54 African nations in three languages.
