News

Tether Invests $18.75 Million in XREX Group to Bolster Cross-Border B2B Payments and Launch New Stablecoin!

Key Points:

Tether invests $18.75 million in XREX Group to enhance cross-border B2B payments using USDT, streamlining international trade.
XREX operates under a registered VASP in Taiwan and recently secured a financial services license in Singapore, strengthening its market presence in Asia.
Introduction of XAU1, a gold-backed stablecoin by Tether Gold, offering stability and security for crypto investors.

Tether has announced a strategic investment of $18.75 million in XREX Group.

This investment aims to support the integration of Tether’s USDT in facilitating international business transactions and the launch of a new stablecoin, XAU1, backed by Tether Gold.

XREX Group, a leading fintech company specializing in blockchain technology, operates under a registered Virtual Asset Service Provider (VASP) license in Taiwan. The company has recently bolstered its regulatory standing by securing a financial services license in Singapore, positioning it well for expansion in the rapidly growing digital currency market in Asia.

Tether’s Major Investment in XREX Group

The investment by Tether underscores its commitment to advancing blockchain technology and digital finance infrastructure. By leveraging Tether’s USDT, XREX aims to offer a more efficient and reliable solution for cross-border B2B payments, addressing the challenges of traditional banking systems, such as high transaction fees and lengthy processing times. This partnership is expected to streamline international trade for businesses, particularly in regions with less accessible financial services.

The collaboration will introduce XAU1, a new stablecoin backed by Tether Gold. XAU1 is designed to provide a secure and stable digital asset for users looking to hedge against market volatility while gaining exposure to gold, a historically stable asset. This stablecoin is expected to attract a wide range of investors seeking stability and security in the digital asset market.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.