on AgriFORCE Growing Systems (NASDAQ:AGRI)
AgriFORCE to Acquire Minority Stake in VASU, Aiming for Global Payment Expansion
AgriFORCE Growing Systems Ltd. has entered a Memorandum of Understanding to acquire a 4.49% equity stake in VASU International Payment Solutions Inc., based in the Philippines. The move marks AgriFORCE's foray into the stablecoin-based payments sector, exploring dollar-pegged digital instruments.
The acquisition, valued at $381,650 in cash and $740,850 in AgriFORCE stock, requires no additional capital post-closing, set for early September 2025. This step aligns with the GENIUS Act, which regulates stablecoins for safer cross-border payments. AgriFORCE aims to leverage VASU's infrastructure, focusing on international markets.
CEO Jolie Kahn and CFO Chris Polimeni highlight the opportunity stablecoins present for treasury management and global positioning of the U.S. dollar. VASU's existing global platform will aid AgriFORCE in expanding its digital finance ecosystem.
R. P.
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