AX Coin Launches Stablecoin Series: A Masterclass in Stablecoin Risk Management
MANAMA, BAHRAIN – September 17, 2026 – AX Coin today hosted a premier educational and strategic event, "Risk Management Perspective on Stablecoins," at Bahrain FinTech Bay. Designed to align the AXG team and regional financial professionals on industry best practices, the session delivered a deep dive into the operational mechanics, regulatory compliance, and security frameworks essential for managing fiat-backed digital assets.
Led by Rony Dethose, Head of Risk at AX Coin, the presentation leveraged his 11-year background in banking, risk management, across the Middle East and India. Drawing on his experience at institutions including Standard Chartered Bank, HDFC Bank, and Travelex, Rony provided an overview of the current stablecoin ecosystem and the safeguards required to ensure its long-term viability.
Demystifying Stablecoin Infrastructure The first half of the session established foundational knowledge of fiat-collateralized stablecoins, focusing specifically on the issuance of AXUSD and AXBHD. Rony outlined how these 1:1 fiat-pegged assets mitigate cryptocurrency volatility while driving global financial inclusion, enabling decentralized finance (DeFi), and facilitating cross-border payments that significantly outpace traditional 3-to-5-day SWIFT transfers.
Attendees received a granular look at the operational lifecycle of a stablecoin. This included the secure minting and burning processes, stringent KYC/KYB and AML onboarding protocols for corporate clients, and the underlying technological infrastructure reliant on blockchain, smart contracts, and real-time price oracles.
A Three-Line Defense Against Emerging Risks Addressing the complex vulnerabilities of the digital asset space, Rony detailed AX Coin’s structured three-line defense model for risk management:
First Line: Business operations and revenue teams responsible for daily execution.
Second Line: Compliance and Risk teams monitoring adherence to Central Bank of Bahrain (CBB) standards and facilitating risk committees.
Third Line: Independent auditors verifying operational effectiveness.
The presentation provided actionable strategies for identifying, analyzing, and treating risks ranging from strategic and financial threats to operational, cyber, and reputational vulnerabilities. Rony emphasized the importance of maintaining 100% high-quality asset backing to prevent de-pegging and liquidity crunches.
By analyzing high-profile industry case studies—such as the USDC de-pegging triggered by the Silicon Valley Bank collapse and the $320 million Wormhole Bridge smart contract exploit—the session highlighted the critical need for segregated reserve management, independent attestations, continuous bug bounties, and robust business continuity plans (BCP).
About SOLOWIN HOLDINGS
SOLOWIN HOLDINGS (Nasdaq: AXG) is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform.
Guided by the mission “Mobilizing Tokens 24/7”, the Company operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.
Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, AGENTX, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.
For more information, visit www.alloyx.com and follow us on LinkedIn at AXG (Solowin Holdings).
About AX Coin
AX Coin Bahrain BSC Closed (AX Coin), a key subsidiary of SOLOWIN HOLDINGS (Nasdaq: AXG), has secured a Stablecoin Issuer license from the Central Bank of Bahrain. As the world's first Sharia-compliant stablecoin, AX Coin aims to build a global digital currency infrastructure to serve the $6 trillion Islamic finance market.