New partnership set to integrate Cardano native stablecoins onto the Sui blockchain, driving cross-border remittance innovation across MENA.
EMURGO Labs, the full-stack innovation arm of the Cardano ecosystem, has signed a Memorandum of Understanding (MoU) with Cairo-based blockchain infrastructure provider Pravica. The collaboration aims to integrate Cardano native stablecoins onto the Sui blockchain, creating new opportunities for cross-chain interoperability and expanding use cases for stablecoin adoption.
Through this agreement, Pravica will leverage its S3.Money infrastructure to bridge Cardano native stablecoins into the Sui ecosystem.
The initiative is set to significantly enhance stablecoin utility by enabling seamless cross-chain transactions. In its first phase, the partnership will pilot programmes across major international remittance corridors, starting with the UAE–Egypt route.
Beyond technical integration, both parties will work together on business development, regulatory compliance and coordinated go-to-market strategies, targeting financial institutions and key stakeholders across the MENA region. The initiative seeks to establish a scalable, secure framework for blockchain-powered payments that can support both enterprise and government-level digital transformation strategies.
Ahmed M. Amer, CEO of EMURGO Labs, said: “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, added: “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’s S3.Money platform provides compliant rails for issuing, managing and transacting tokenised money, giving banks, fintechs and enterprises the tools to develop programmable money applications while enabling end users to seamlessly engage with digital assets.