TechFlow, September 25 — According to Globenewswire, Genius Group, a bitcoin treasury company currently listed on NYSE American, a subsidiary of the New York Stock Exchange, has disclosed plans to issue a stablecoin and provide digital asset services under the GENIUS Act. The company will apply, either through its holding company or wholly-owned subsidiaries, to become a licensed non-bank payment stablecoin issuer and digital asset service provider. It is also exploring expanding the functionality of the Genius Wallet beyond GEM points, including supporting cross-border stablecoin transactions. Notably, Genius Group currently holds 200 bitcoins, with a market value of approximately $23 million based on the current price of $113,000 per bitcoin.
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