Russia’s Exved Launches Cross-Border Payment Service Powered By Tether’s USDT Stablecoin Russian digital settlement exchange
Exved has officially debuted with the goal of empowering local legal entities to conduct cross-border digital payment services using Tether’s USDT. In its announcement on Telegram to mark the launch,
Exved explained that it operates through a business-to-business (B2B) electronic platform that enables Russian importers
and exporters to place and execute offshore orders. The project aims to streamline cross-border payments for Russian legal entities without the need for intermediaries, all at minimal market rates.
The exchange exclusively collaborates
with legal entities, ensuring compliance with Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) measures. It integrates non-resident (offshore) rubles,
US dollars, and USDT for settlements. Beyond simplifying international payments,
the B2B solution offers complimentary services for legal transaction documentation and acts as an escrow agent.
