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Klevo Group Limited (ASX:KLV)
ALERT: Price-sensitive ASX Announcement for KLV
Current share price for KLV : $0.515 0.417 (425.51%)+
Announcement
Release
15 Jun 2026 12:06PM
Price at Release
$0.098
Full Release
Summary
Klevo Rewards Limited, an Australian rewards, loyalty, and payments technology company, is set to launch a trial for its Australian dollar-backed stablecoin, KLVAUD, by 30 June 2026. This initiative involves a wholly owned subsidiary, Fly Wallet Pty Ltd. The stablecoin will be fully backed by Australian dollars in segregated reserve accounts, and is intended to bolster Fly Wallet’s payments and digital rewards infrastructure. Legal advice from Hamilton Locke has confirmed that KLVAUD is expected to comply with ASIC's current stablecoin relief framework, pending the finalization of necessary documentation, reserve arrangements, and compliance frameworks.
Key Points
- Klevo Rewards Limited is launching a stablecoin trial.
- The stablecoin, KLVAUD, will be backed 1:1 by Australian dollars.
- The legal advice confirms KLVAUD will qualify under ASIC’s stablecoin relief framework.
- The stablecoin will support Fly Wallet’s payments and rewards ecosystem.
- Trial launch expected by 30 June 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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