BUZZ-Australia's InFocus Group jumps on $1.5 mln stablecoin deal

Reuters
Yesterday
BUZZ-Australia's InFocus Group jumps on $1.5 mln stablecoin deal

** Shares of Australia's InFocus Group IFG.AX rise 41.2% to A$0.024; hit highest since late January

** Data intelligence firm says it has been engaged to develop a cross-border stablecoin-based payment platform in a $1.52 mln service agreement

** Agreement with GBO Assets, a company domiciled in the

Seychelles

** Stock down 42.1% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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