TIRX Stock Surges on Stablecoin Talks in Southeast Asia

TIRX Stock Climbs on Stablecoin Development News

Tian Ruixiang Holdings Ltd stock (NASDAQ:TIRX) experienced a significant 16.8% increase on Friday. The surge followed the company's announcement of advanced negotiations with governments in Southeast Asia to introduce a regulated stablecoin.

Partnership and Regional Expansion

These discussions involve financial regulators in Indonesia, Malaysia, Singapore, and Thailand. This move is part of a previously declared partnership with a digital asset investor, which includes a planned 15,000 Bitcoin investment for equity in TIRX.

Impact on the Company and Market

The proposed stablecoin will be pegged to a basket of major currencies and utilize AI for security. This strategic pivot towards digital assets and AI has contributed to recent volatility in TIRX shares, with this news signaling a key step in its new direction.

Future Outlook

Following regulatory approvals, TIRX plans a phased rollout starting in the second half of 2026. The stablecoin aims to be a foundation for future AI-crypto products, targeting both institutional and retail clients.

FAQ

Q: Which countries are involved in the stablecoin negotiations?
A: The negotiations involve Indonesia, Malaysia, Singapore, and Thailand.

Q: When is the planned launch for the stablecoin?
A: The initial launch is targeted for the second half of 2026, pending regulatory approvals.

Source: Investing.com