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CLARITY Act Stalls; Stablecoin Industry Comes of Age: XREX Group Hosts Stablecoin Summit 2026 in Singapore with Curve and Bridge

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SINGAPORE, Sept. 29, 2026 /PRNewswire/ — The U.S. Senate’s recent cloture vote on the CLARITY Act fell short of the threshold needed to advance the bill, underscoring the still-evolving path toward greater regulatory clarity for digital assets. Yet the market is moving ahead. Stablecoins also feature prominently in the bill, including the debate over whether payment stablecoins should be allowed to offer interest or yield. The market has nevertheless grown to nearly US$300 billion, with stablecoins taking on an expanding role in payments and financial infrastructure. The next phase of that evolution will be in focus at Stablecoin Summit 2026, returning to Singapore on 8 October.

“Stablecoins have grown into an independent industry, but there is no single path forward,” said Wayne Huang, Co-founder and Group CEO of XREX Group, host of Stablecoin Summit. “Different participants are building for different needs, across markets and regulatory environments. The opportunity now is to create the common infrastructure and standards that can connect these efforts, so value can move more seamlessly between institutions, platforms and markets. That is the conversation we want to advance at Stablecoin Summit 2026.”

Organised and hosted by XREX Group, with Bridge and Curve Finance as Title Sponsors, the fourth Stablecoin Summit will explore the stablecoin landscape across different forms of digital money, from CBDCs and deposit tokens to USD- and local fiat-pegged stablecoins, non-fiat stablecoins and DeFi-based stablecoins.

The summit will also examine their expanding applications across interoperability, payments, settlement, the AI economy and supply chain finance, alongside the regulatory developments shaping their use. The full-day program brings together decision-makers across stablecoins, financial services, payments, technology, and regulation to explore how these developments are converging to shape the next phase of the stablecoin industry.

“Stablecoins have won their place in finance, with banks and larger institutions now building around them. There’s a clear opportunity for neutral infrastructure that competing institutions can use together without relying on a competitor to run it. That’s one of the strengths of DeFi, and we need to keep that openness as adoption grows,” said Maximilian Roszko, Business Development Lead, Curve Finance. “That’s why I think events like Stablecoin Summit in Singapore are important. Issuers, institutions, and DeFi builders need to work together on these connections, and work out what we can actually build together.”

“Having grown up in Asia, this one feels personal to me. We’re at a truly revolutionary moment for global money movement, rebuilding the infrastructure of money itself so it becomes instant, borderless, and always on,” said Jackie Zhang, Data, Crypto and Issuance, Bridge. “There’s so much energy around stablecoins in Asia right now, and I’m excited to be here with the Bridge team, building this future alongside developers and partners in the region.”

Stablecoin Summit 2026 will take place at Andaz Singapore on 8 October 2026, bringing together an even broader lineup of regulators, industry leaders and partners, including Peter Kerstens, often referred to as the “Father of MiCA,” alongside Curve Finance, Stripe, S&P Global Ratings, Rakuten, Galaxy Ventures, Coinbase, StraitsX, Visa, SAP, Paxos Labs, Aave Labs, and more, to explore the next phase of stablecoin adoption.

Featured Speakers at Stablecoin Summit 2026:

Wayne Huang, Co-founder and Group CEO, XREXWinston Hsiao, Co-founder and Group CRO, XREXMichael Egorov, Founder, Curve FinanceCoral Taylor, Head of APAC Crypto GTM, StripePeter Kerstens, Advisor, European CommissionMichal Selbka, Director, DeFi and Digital Assets, S&P Global RatingsHassan Ahmed, Country Director, Singapore, CoinbaseTianwei Liu, CEO and Co-Founder, StraitsXRaja Chakravorti, Chief Business Officer, Stellar Development FoundationBhau Kotecha, Co-founder of Paxos LabsWill Nuelle, General Partner, Galaxy VenturesTushar Gulhane, Regional Lead, SAPSanchit Mall, Director, Crypto & Digital Currencies APAC, VisaNaojiro Hisada, Director, Technology Management Services Supervisory Department, RakutenTakaaki Miura, Senior Investment Director, Sony VenturesNK Yoon, CBO, Startale Group

“We are seeing strong momentum as stablecoins increasingly demonstrate practical value in areas such as cross-border payments and settlement. The real opportunity is to build the infrastructure, standards and partnerships that enable seamless and trusted adoption at scale. Bringing the industry together through events like Stablecoin Summit helps accelerate that progress, and Asia Pacific continues to be one of the most influential regions shaping the future of digital currencies and its use in commerce,” said Sanchit Mall, Director, Crypto & Digital Currencies APAC, Visa.

Stablecoin Summit 2026 is supported by Curve Finance, Bridge, S&P Global Ratings, Enterprise Ethereum Alliance, Midas, Frankencoin, Stellar, Spark, f(x) Protocol, Nara, Accountable, and Gravity Team.

Registration and the full agenda are available at stablecoinsummit.com.

About XREX Group:

XREX Group is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018, XREX Group offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

XREX Singapore operates under the Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). XREX Taiwan is a regulated VASP that completed its Compliance Declaration on Anti-Money Laundering (AML) with Taiwan’s Financial Supervisory Commission (FSC) in March 2022. It passed its AML registration with the FSC in September 2025, becoming one of ten approved VASPs.

Media contact: Yoyo Yu
Email: yoyoyu@xrex.io

Media contact: Vasundhara Singh
Email: vasundhara@yapglobal.com

Media contact: Mansha Bakshi
Email: mansha@yapglobal.com

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SOURCE XREX Group

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Experience Abu Dhabi: Wego and DCT Abu Dhabi Drive Regional Travel Demand

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DUBAI, UAE, Sept. 29, 2026 /PRNewswire/ — Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) to spotlight the UAE capital as one of the region’s most compelling and culturally rich destinations.

The strategic collaboration will inspire travelers across the MENA region to rediscover Abu Dhabi’s unique blend of heritage, nature, and world-class entertainment. Through targeted digital campaigns and data-driven storytelling, Wego will position Abu Dhabi at the forefront of regional travel consideration, connecting high-intent travelers directly to bookable flights and stays.

From the architectural grandeur of Sheikh Zayed Grand Mosque and the artistic mastery of Louvre Abu Dhabi to the pristine shores of Saadiyat Island and the adrenaline of Yas Island’s theme parks, Abu Dhabi offers a seamless fusion of authenticity and innovation. Whether exploring the UNESCO-listed oases of Al Ain Region or venturing into the sweeping dunes of the Rub’ al Khali, visitors can experience a destination that delivers both depth and diversity.

Mamoun Hmidan, Chief Business Officer at Wego, said: “Abu Dhabi continues to set the benchmark for regional tourism, seamlessly uniting rich heritage with transformative, future-ready experiences. Through our partnership with DCT Abu Dhabi, we are leveraging Wego’s market intelligence and reach across MENA to inspire travelers and convert that inspiration into seamless bookings. We are proud to support Abu Dhabi’s tourism vision by connecting millions of travelers to experiences that are both authentic and extraordinary.”

With strong air connectivity, world-class hospitality, and a dynamic cultural and entertainment landscape, Abu Dhabi is increasingly capturing the attention of regional travelers seeking accessible yet enriching escapes.

Abdulla Yousuf, Director of International Operations at DCT Abu Dhabi, added:
“Our collaboration with Wego enables us to amplify Abu Dhabi’s diverse offering to a highly engaged regional audience. As demand grows for meaningful, culturally immersive experiences closer to home, Abu Dhabi is always ready to welcome travelers with exceptional infrastructure, rich heritage, and a year-round calendar of world-class events.”

Together, Wego and DCT Abu Dhabi are accelerating this momentum combining destination expertise with advanced travel technology to inspire discovery and drive measurable growth for the UAE capital.

About Wego

Wego is the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA). Combining a dynamic travel marketplace with on-platform bookings, Wego enables travelers to easily search, compare, and book flights and hotels across hundreds of airlines, hotels, and online travel agencies. Beyond its B2C marketplace, Wego also operates WegoPro, a next-generation business travel platform, and WegoBeds, a MENA-focused bedbank. The company is dual-headquartered in Singapore and Dubai with offices in Bangalore and Mumbai.

For more information, visit www.wego.com

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/experience-abu-dhabi-wego-and-dct-abu-dhabi-drive-regional-travel-demand-302890287.html

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Sagility India Earns Great Place To Work® Certification™ for the Second Consecutive Year; Ranked 11th Among India’s Best Companies to Work For 2026

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BENGALURU, India, Sept. 29, 2026 /PRNewswire/ — Sagility India has been Great Place To Work® Certified™ for the second consecutive year, reaffirming its commitment to building a workplace where employees feel trusted, supported and valued. The recognition comes alongside Sagility India’s #11 ranking among India’s Best Companies to Work For 2026, with 93% of employees saying that Sagility is a great place to work. The company was also recognized among the Top 10 India’s Best Workplaces™ for Women, the Top 25 organizations in the Bio-Tech, Life Sciences and Pharma category, and Asia’s Best Workplaces™ for large organizations.

Building on this momentum, Sagility India is now certified as a Great Place to Work® for the second consecutive year, with 93% of employees saying Sagility is a great place to work. What makes this recognition especially meaningful is that it comes directly from employee feedback.

Great Place To Work® is the global authority on workplace culture, employee experience and the leadership behaviours proven to deliver market-leading revenue, employee retention and increased innovation.

“Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasises that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. “By successfully earning this recognition, it is evident that Sagility stands out as one of the top companies to work for, providing a great workplace environment for its employees.”

These recognitions are the outcome of a consistent focus on creating a workplace where people feel respected, supported, included and able to build successful careers.

Aparna Rao Basu, Senior Vice President and Head Human Resources, Sagility India, said:
“Being Great Place to Work-Certified™ for the second consecutive year reflects the trust our people place in Sagility and in each other. We believe a strong culture is built through everyday experiences, meaningful connections and opportunities that help people grow and succeed. Whether it is investing in learning, supporting wellbeing, strengthening inclusion, enabling flexible ways of working or recognizing contributions, our focus remains on creating an environment where employees can build rewarding careers and bring their best selves to work every day. This recognition belongs to our people, and it inspires us to continue raising the bar on the employee experience we create together.”

At Sagility, employee experience is shaped by a culture of listening, connection and action. Regular town halls, listening forums, pulse surveys and manager conversations help capture employee perspectives, with feedback translated into meaningful initiatives and communicated back to employees.

Beyond the workplace, family engagement, celebrations, milestone moments and wellbeing programs strengthen the connection between employees, their families and Sagility—creating an experience where people feel heard, supported and valued.

Recognition is an important part of life at Sagility. From celebrating long-serving employees through Long Service Awards to recognizing individuals and teams who make a difference every day, Sagility believes achievements should be acknowledged and celebrated. Sagility’s rewards and recognition programs reinforce behaviours that reflect values, strengthen teamwork and encourage innovation.

Technology has played an important role in helping people stay connected and productive. Secure work-from-home infrastructure, collaboration tools, virtual learning platforms and digital support systems enable employees to work effectively regardless of location. These capabilities have helped us maintain strong engagement, continuous learning and seamless collaboration across teams.

Sagility’s commitment to people extends beyond engagement. The organisation continues to invest in learning, career development, leadership capability and wellbeing.

Programs such as STRIDE, PACE, STEP and LIFT support employees at different stages of their careers, while initiatives such as S.H.E. Leads, S.H.E. Circle and the Abilities Circle help create opportunities for growth, representation and belonging.

Sagility’s focus on supporting women through important life stages is reflected in S.H.E.’s Back, through which 94% of women return to work after maternity leave. Complementing these efforts is Sagility’s Wonder of Wellness framework, which supports employees across multiple dimensions of wellbeing.

At Sagility, the goal remains unchanged: to create a workplace where people can do meaningful work, build lasting careers, feel supported through life’s transitions and be recognized for the contributions they make every day.

This is the culture the employees have helped build, and the one Sagility remains committed to strengthening year after year.

According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits and have a fair chance at promotion.

About Sagility Limited:  

Sagility is a tech-led, U.S. healthcare-focused business operations solutions and services company that supports payers, providers, and their partners in delivering best-in-class operations, enhancing member and provider experiences, and improving the quality of care, all while ensuring cost-effective financial and clinical outcomes. With over two decades of experience, Sagility’s dedicated experts address complex healthcare challenges through deep domain expertise and technology innovations. The company serves six of the top ten payers in the U.S., utilizing its advanced technology, processes, and solutions to ensure efficient operations and minimize additional administrative costs. The company delivers these services through its skilled talent pool of nearly 50,000 professionals across five global service delivery centers located in the US, India, the Philippines, Jamaica, and Colombia.

To learn more, visit: https://sagility.com/  

Media contact details:
Marial@conceptpr.com 

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MagPro Launches AeroLev 1850 to Advance Water-Smart Cooling for AI Data Centers

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SINGAPORE, Sept. 29, 2026 /PRNewswire/ — MagPro (also known as Nanjing CIPU Technology Co., Ltd.), a joint venture between CIGU Technology Corp. Ltd. and EPG Data Technology (Shanghai) Co., Ltd., today announced AeroLev 1850, a 1.85 MW-class, 45°C-ready air-cooled, magnetic-bearing chiller platform designed for next-generation AI data centers in water-scarce, high-ambient environments.

As AI computing drives greater power demand and heat density, data-center operators need cooling infrastructure that can scale without increasing dependence on water. AeroLev 1850 combines a cooling-tower-free architecture with oil-free magnetic-levitation technology and intelligent controls to deliver efficient, reliable cooling while reducing water consumption.

At the heart of the platform is a dedicated air-cooled magnetic-levitation compressor with isentropic efficiency of up to 87%. A patented condenser delivers subcooling of more than 3°C, while the standard EC fans further improve energy performance. Together, these technologies deliver up to 40% higher overall energy efficiency and up to 8% lower failure rates compared with conventional oil-lubricated compressors, and up to 10% lower maintenance costs compared with conventional chillers.

By eliminating evaporative cooling water, AeroLev 1850 removes a significant operational constraint for data centers in arid and water-stressed regions. Its free-cooling capability uses ambient air during cooler periods to reduce compressor runtime, power consumption, and operating costs.

The platform is also engineered for the shift toward direct-to-chip and immersion liquid cooling. AeroLev 1850 can supply chilled water at temperatures up to 45°C, supporting emerging high-temperature cooling architectures without requiring major infrastructure reinvestment. Its standardized modular design supports rapid installation and flexible expansion as AI capacity grows.

“As water constraints become a defining consideration for data-center development, AeroLev 1850 advances a resilient model for AI data-center cooling,” said William Wu, General Manager of Nanjing CIPU Technology Co., Ltd. “It enables efficient, reliable compute growth in challenging environments while turning today’s infrastructure into long-term resilience.”

“MagPro marks an important step in our global cooling technology strategy,” said Alick Wan, Founder and Chairman of EPG Data Technology (Shanghai) Co., Ltd. “By combining EPG’s engineering and delivery expertise with CIGU’s core magnetic-levitation technology, we are building resilient, resource-efficient digital infrastructure less dependent on water. AeroLev 1850 reflects our commitment to advancing green data-center infrastructure and a sustainable digital ecosystem worldwide.”

Contact: magpro@magpro.com.cn

About MagPro (Nanjing CIPU Technology Co., Ltd.)

MagPro is a joint venture between CIGU Technology Corp. Ltd. and EPG Data Technology (Shanghai) Co., Ltd., specializing in the research, development, and production of reliable, energy-efficient cooling and air-conditioning systems for AI data centers, cloud, and hyperscales. MagPro operates a more than 6,000-square-meter production base and two air-cooled laboratories, supporting testing of air-cooled units up to 2,000 kW. 

About CIGU Technology Corp. Ltd.

Nanjing CIGU Technology Corp., Ltd. (SSE: 688448) is a STAR Market listed company headquartered in Nanjing, China. Built around its proprietary magnetic levitation (maglev) drive technology, CIGU develops and manufactures a full range of maglev turbomachinery, including chillers, blowers, air compressors, vacuum pumps, and expander generator sets, among others. More than 10,000 maglev units have been delivered worldwide.

About EPG Data Technology (Shanghai) Co., Ltd.

EPG is a prefabricated modular data center infrastructure provider with more than 20 years of experience serving AI, cloud, and hyperscale data centers worldwide. With more than 1,500 employees and manufacturing facilities in Shanghai and Malaysia, EPG delivers end-to-end capabilities across R&D, manufacturing, engineering, project delivery, and operational support. Its integrated portfolio includes modular data-center products, engineering and delivery solutions, and professional services across APAC, Europe, the Middle East, and other strategic markets.

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SOURCE MagPro

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