Tether has made a $18.75 million investment in XREX Group intending to enhance the online asset space overall and launch worldwide payments using USDT. Tether also intends to launch creative, cutting-edge regulatory technology.
For the uninitiated, XREX is a certified financial organization headed by blockchain technology, and Tether is the biggest corporation in the online asset industry.
With the money it receives, XREX hopes to change the financial environment by facilitating international B2B payments that are focused toward USDT. Additionally, the business will work with the Unitas Foundation to launch XAU1, a united stablecoin governed by the USD that will be paired with Tether Gold (XAUt) to provide customers with an inflation-protected alternative.
Through this unique agreement, regulatory technological innovation will be fostered and services related to detecting and preventing the improper usage of stablecoins will be improved.
CEO of Tether Paolo Ardoino claims that the company’s collaboration with XREX is a step toward promoting financial participation in the upcoming marketplaces. The Unitas Foundation’s launch of a unique unitized stablecoin and the introduction of USDT-based cross-border payments are just two of the many creative projects that will be made possible by the relationship with XREX and transform the accessibility and effectiveness of finance in the region. Their shared goal is to expand finance outside the cryptocurrency market and make it more inclusive.
Law enforcement agencies have profited from the collaboration between Tether and XREX in terms of detecting, apprehending, and sentencing offenders, according to Wayne Huang, CEO of XREX Group. Thanks to Tether’s major investment and support, XREX Group has been able to build upon this accomplishment by expanding into a RegTech product line, further consolidating its status as a responsible financial institution.
Winston Hsiao, the CRO of XREX Group, is extremely grateful to Tether and other investors for their steadfast support, which will not go unappreciated. He believes that the financial inclusion movement enabled by stablecoins will bring about a long-lasting and positive change to the existing global settlement and clearance systems.
