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Coinsilium Group Limited Partners with Stabolut for Stablecoin Launch
London, UK, 2 October 2024 – Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF) has announced a strategic advisory partnership with Stabolut Limited. Stabolut, a decentralised, crypto-backed, yield-generating stablecoin venture, is set to launch its stablecoin and governance token in Q4 2024.
Coinsilium will offer strategic guidance in tokenomics, partnerships, and market positioning for Stabolut. This advisory role aims to enhance Stabolut’s entry into the rapidly growing stablecoin market, currently valued at USD 172 billion and projected to reach USD 16 trillion by 2030.
Stabolut’s stablecoin, backed by cryptocurrencies like Bitcoin and Ethereum, aims to provide decentralisation and independence from traditional financial systems. Stabolut has also partnered with Yellow Capital and Dextools to support its go-to-market strategy.
According to Eneko Knorr, Co-Founder and CEO of Stabolut, Coinsilium's expertise will be crucial for their mission to deliver a transparent and decentralised stablecoin. Eddy Travia, CEO of Coinsilium, expressed excitement about this collaboration, highlighting Stabolut’s innovative approach to the stablecoin market.
R. E.
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