Klevo Rewards' Fly Wallet Subsidiary Reports Nearly AU$18 Million of Stablecoin Sales in July; Shares Gain 7%
MT Newswires Live
Aug 12
Klevo Rewards (ASX:KLV) said its Fly Wallet subsidiary recorded revenue of about AU$19 million in July, including roughly AU$17.8 million of stablecoin sales, according to a Wednesday filing with the Australian bourse.
The subsidiary also reported a July operating profit of AU$167,000.
Klevo Rewards said it has started a commercial rollout of its stablecoin, but warned that it does not consider trial volumes to be a reliable indicator of expected activity once the platform is fully integrated.
The company's shares rose 7% in recent Wednesday activity.
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