Klevo Rewards teams up with Bybit to launch KLVAUD stablecoin

Welcome to HotCopper’s latest Watchlist, I’m Isaac McIntyre, and I’m joined by Klevo Rewards (ASX:KLV) CEO and managing director Alexander Gold, just as the company partners with global digital asset platform Bybit.

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Disclaimer: This article is disseminated in partnership with Klevo Rewards Ltd. It is intended to inform investors and should not be taken as financial advice.

That strategic team-up will see Klevo and Bybit develop “KLVAUD,” an Oz dollar-backed stablecoin integrated with the Klevo/Bybit Mastercard.

“We’ve appointed a leading law firm in Sydney to help us through the regulatory approvals and clearances, which we think we’ll take a few weeks or months,” Mr Gold told The Market Link. “Then, we will actively launch it.”

“We already have over 200,000 cards and card holders, which we see as the cornerstone of a global expansion, given the fact [those] will become KLVAUD.”

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