The trillion-dollar market that USDT can't access has been unlocked by a Nasdaq-listed company


【Plain Language Summary】As USDT and USDC dominate 90% of the stablecoin market share, the Central Bank of Bahrain has issued the country's first stablecoin license to AX Coin, a subsidiary of Nasdaq-listed Huaying Group. Unlike the U.S. "Genius Act," which prohibits interest payments, AX Coin can distribute reserve asset earnings to holders in the form of "profit sharing" recognized by Islamic law, offering three major advantages: direct central bank regulation, interest-generating capability, and religious compliance.
Leveraging deep integrations with BENEFIT payment gateway and Yellow Card Africa network, AX Coin is opening up a Middle East-Africa stablecoin corridor, targeting the nearly $6 trillion Islamic finance market gap, becoming the most unexpected variable in the global stablecoin landscape.
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