Klevo Rewards Ltd Generates USD $1.22M in 14 Day Stablecoin Trial
Klevo completes stablecoin platform trial, generating USD $1.22M in 14 days
Klevo Rewards Limited (ASX: KLV) has completed a 14-day commercial trial of its stablecoin transaction platform, processing and generating approximately USD $1.22 million in gross revenue during the trial period.
The result provides commercial validation of Klevo’s stablecoin-based payment and financial services capability. The announcement was dated 13 July 2026 and authorised for release by the Board of Directors.
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What the trial demonstrated
Over the 14-day window, the platform processed significant transaction volumes, supporting the Company’s assessment that its stablecoin infrastructure is commercially viable.
The trial serves as a proof-of-concept, confirming the platform’s capacity to handle meaningful transaction throughput and generate revenue in a live commercial setting. The confirmed facts of the trial are set out below:
The platform underpinning this trial traces back to the Bybit stablecoin partnership announced earlier in 2026, under which Fly Wallet agreed to develop KLVAUD, an Australian dollar-backed stablecoin integrated with a co-branded Mastercard rewards ecosystem and backed by Bybit-funded reserves.
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Trial duration: 14 days
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Gross revenue generated: approximately USD $1.22 million
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Outcome: demonstrated ability to process significant transaction volumes
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Result: commercial validation of the stablecoin-based payment and financial services platform
| Metric | Detail |
|---|---|
| Trial duration | 14 days |
| Gross revenue generated | ~USD $1.22M |
| Outcome | Validated significant transaction volume processing |
| Next step | Finalising operational, compliance and technical requirements for broader rollout |
Understanding stablecoins and why the trial matters to investors
A stablecoin is a type of digital currency designed to hold a stable value, typically pegged to a fiat currency such as the US dollar. Unlike more volatile cryptocurrencies, stablecoins aim to keep a consistent price, which makes them suited to payments and settlement.
Stablecoin transaction platforms provide the rails for payments, settlement and financial services in digital form. For investors, a platform that has generated real revenue in a live trial moves Klevo from concept toward demonstrated commercial capability, an important step in assessing whether the technology can support a sustainable revenue stream.
Path to broader commercial rollout
Following the completion of the trial, the Company is now working with its commercial and technology partners to finalise the operational, compliance and technical requirements for a broader commercial rollout.
The Company has not disclosed a rollout date, timeline or revenue target for that broader commercial deployment.
Authorisation
This announcement was authorised for release by the Board of Directors of the Company. David Vinson is named as Chairman.
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Company snapshot — Klevo Rewards (ASX: KLV)
Klevo Rewards Limited is an Australian rewards, loyalty and payments technology company delivering customised, subscription-based marketplace solutions for corporate clients, members and consumers.
Following the acquisition and integration of Fly Wallet, Klevo strengthened its technology capability and expanded its offering. That expanded capability includes:
The stablecoin result builds on earlier evidence of Fly Wallet commercial scale, with the platform having already earned over $2 million in Mastercard performance-based incentives tied directly to transaction volumes and card activations before the stablecoin trial commenced.
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White-labelled Mastercard-powered loyalty and rewards solutions
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Digital wallet infrastructure
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Card-linked rewards
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Customer engagement programs
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Digital marketing services
The platform is designed to help corporates, financial services providers and consumer brands deliver more meaningful customer and employee engagement through tailored rewards, payment-linked benefits, loyalty marketplaces and data-driven promotional campaigns.
For investors, the successful stablecoin trial adds a validated payments and financial-services capability to this existing ecosystem, broadening the technology base the Company can commercialise across the rewards, loyalty and payments sector.
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