Tether's $18.75M Boost for XREX: A Leap Forward in Financial Inclusion and Cross-Border Payments! Tether, the world's leading stablecoin, is making a big move towards financial inclusion and seamless cross-border transactions with its
$18.75 million investment in XREX Group.
This strategic partnership aims to empower emerging markets by introducing
innovative financial solutions and improving the efficiency of international payments.
XREX Group, a fully regulated blockchain-based financial institution, has garnered support from an impressive lineup of investors, including the Taiwanese Government National Development Fund and SBI Holdings.
Tether's investment aligns with its vision to revolutionize the global payment landscape, especially in facilitating
USDT-based cross-border transactions and driving advancements in regulatory technology.
Paolo Ardoino, CEO of Tether, emphasizes their commitment to financial inclusion, stating that this collaboration will strengthen the infrastructure for international payments.
With this injection of funds, XREX is set to enhance its capabilities in facilitating compliant B2B cross-border payments, offering businesses greater ease and potentially lower costs.
But that's not all! XREX has even more ambitious plans in store. They're teaming up with the Unitas Foundation to launch
XAU1, a USD-pegged stablecoin backed by Tether Gold (XAUt), providing customers with stability and protection against inflation.
The collaboration also focuses on Regulatory Technology (RegTech), ensuring secure transactions by enhancing solutions to detect and prevent illicit use of stablecoins.
Wayne Huang, CEO of XREX Group, highlights their successful collaboration with Tether in assisting law enforcement agencies—a testament to their commitment to a safe financial ecosystem.
As XREX continues to expand its reach, securing the Monetary Authority of Singapore's Major Payment Institution license, this investment will further support their talent acquisition and contribute to a more inclusive global financial system.
