Emurgo Labs Signs MOU with Egypt Based Pravica for Cardano Native Stablecoins on Sui Blockchain

EMURGO Labs, a full-stack innovation agency with deep blockchain expertise and a contributor to the Cardano ecosystem, has signed an MoU with Pravica, a blockchain infrastructure service provider specializing in money tokenization, have signed an MoU to establish a framework for collaboration to integrate Cardano native stablecoins on the Sui blockchain.

Under this agreement, Pravica will leverage its S3.Money infrastructure to significantly expand the utility of Cardano native stablecoins. This collaboration is essential for bridging these native stablecoins to the Sui blockchain, enabling cross-chain interoperability.

Concurrently, the initiative will focus on integrating the stablecoins for global remittance services by engaging leading financial stakeholders and banks worldwide. The initial phase will involve launching pilot programs in key international remittance corridors.

EMURGO Labs will provide technical expertise, documentation and ecosystem engagement to facilitate the integration of Cardano native stablecoins onto the Sui blockchain through S3.Money.

The collaboration aims to establish a scalable and secure framework for blockchain-powered stablecoin payments, beginning with an UAE–Egypt remittance corridor. The Parties have also committed to coordinated efforts in business development, regulatory compliance and joint marketing to accelerate adoption across the wider MENA region.

Ahmed M. Amer, CEO of EMURGO Labs, commented: “At EMURGO Labs, our mission is to connect enterprises and institutions to blockchain in ways that create lasting value. Partnering with Pravica allows us to extend the utility of Cardano native stablecoins onto new ecosystems, powered by robust infrastructure and real-world use cases. This initiative also has the potential to support government-level strategies for digital transformation, enabling public institutions, regulators and financial institutions to explore stablecoin adoption in a secure and compliant manner.”

Mohamed Abdou, CEO of Pravica, stated: “Through S3.Money, we are building the infrastructure that connects stablecoin innovation with real-world financial needs. Our partnership with EMURGO Labs reinforces our commitment to delivering secure, compliant and practical solutions for cross-border remittances and digital finance on a global scale.”

Pravica Pravica is a Cairo-based infrastructure provider for money tokenization. Its platform S3. Money delivers compliant rails for issuing, managing, and transacting tokenized money, enabling banks, fintechs, and enterprises to build programmable-money applications while providing solutions for end users to use tokenized money.