EMURGO and Pravica Partner to Bring Cardano Stablecoins to Sui Blockchain
▼ Summary
– EMURGO Labs and Pravica have signed an MoU to collaborate on integrating Cardano native stablecoins onto the Sui blockchain.
– Pravica will use its S3.Money infrastructure to enable cross-chain interoperability for Cardano stablecoins on Sui.
– The partnership will focus on global remittance services, starting with pilot programs in key international corridors like UAE–Egypt.
– EMURGO Labs will provide technical expertise and ecosystem engagement to support the stablecoin integration.
– The collaboration aims to establish a secure, scalable framework for blockchain payments and accelerate adoption in the MENA region.
A new partnership between EMURGO Labs and Pravica is set to bring Cardano’s native stablecoins to the Sui blockchain, marking a significant step for cross-chain interoperability and global financial services. This collaboration will utilize Pravica’s S3.Money infrastructure to bridge Cardano stablecoins onto Sui, expanding their utility and enabling seamless cross-chain transactions. The initiative will also focus on integrating these stablecoins into worldwide remittance systems, with pilot programs planned for key international corridors.
The agreement establishes a scalable and secure framework for blockchain-based stablecoin payments, starting with the UAE–Egypt remittance corridor. Both companies will coordinate on business development, regulatory compliance, and joint marketing to drive adoption across the MENA region and beyond. EMURGO Labs will contribute technical expertise, documentation, and ecosystem support to ensure smooth integration through the S3.Money platform.
Ahmed M. Amer, CEO of EMURGO Labs, emphasized that the partnership aligns with their goal of connecting enterprises to blockchain technology in meaningful ways. He noted that extending Cardano stablecoins to new ecosystems via robust infrastructure opens doors for real-world applications, potentially supporting government digital transformation strategies and enabling secure, compliant stablecoin adoption by public institutions and financial regulators.
Mohamed Abdou, CEO of Pravica, highlighted that S3.Money is designed to link stablecoin innovation with practical financial requirements. He stated that the collaboration with EMURGO Labs underscores their dedication to providing secure, compliant solutions for cross-border remittances and digital finance on a global scale.
Pravica, based in Cairo, specializes in money tokenization infrastructure. Its S3.Money platform offers compliant tools for issuing, managing, and transacting tokenized money, empowering banks, fintech firms, and enterprises to develop programmable-money applications while delivering user-friendly solutions for end consumers.
(Source: MEA Tech Watch)
