Tether invests $18.75 million in XREX Group and introduces XAU1 stablecoin to boost cross-border B2B payments and regulatory technology.
Tether, the company behind the USDT stablecoin, has announced a strategic investment of $18.75 million in XREX Group, along with the launch of a new stablecoin, XAU1.
According to the company’s press release, this partnership aims to enhance cross-border business-to-business (B2B) payments and drive innovation in the digital asset industry and regulatory technology.
Paolo Ardoino, CEO of Tether, commented on the announcement:
“Our collaboration with XREX will lead to several groundbreaking initiatives, including the launch of a unique new unitized stablecoin by the Unitas Foundation and the facilitation of USDT-based cross-border payments. This sets a new standard for financial accessibility and efficiency in the region.”
Summary Review: Tether‘s strategic investment in XREX Group and the launch of the XAU1 stablecoin mark significant steps forward in the realm of cross-border payments and regulatory technology. This collaboration not only aims to drive innovation but also sets a new standard for financial accessibility and efficiency in the industry. With the introduction of the XAU1 stablecoin, coupled with ongoing efforts to enhance B2B payments, Tether continues to play a pivotal role in shaping the future of digital assets and global financial infrastructure.
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