StableX Technologies Inc. Expands Portfolio with First Token Purchase, Investing in FLUID to Lead Stablecoin Industry Growth
Reuters
Sep 09
<a href="https://laohu8.com/S/SBLX">StableX Technologies Inc</a>. Expands Portfolio with First Token Purchase, Investing in FLUID to Lead Stablecoin Industry Growth
StableX Technologies Inc., formerly known as AYRO, Inc. and traded on NASDAQ under the ticker SBLX, has announced a strategic expansion into the stablecoin industry with its first purchase of FLUID tokens. This acquisition marks the beginning of StableX's investment in foundational tokens that support the booming stablecoin market. FLUID, a leading DeFi exchange focused on stablecoin trading, has shown remarkable growth since its launch in late 2024, capturing significant market share and generating substantial monthly fees. With plans to invest up to $100 million in similar tokens, StableX aims to capitalize on the accelerating growth of the stablecoin sector, delivering value to its stakeholders. The move underscores StableX's commitment to becoming a major player in the industry, leveraging FLUID's success as a catalyst for further expansion.
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