June 5, 2024 – Global digital asset leader Tether has announced a strategic investment of $18.75 million (approximately NT$600 million) in XREX Group, an international blockchain-powered financial institution. This partnership aims to revolutionize digital asset adoption, expand USDT-based cross-border payments in emerging markets, and advance regulatory technology (RegTech) innovations.
Key Highlights of the Partnership
1. Strategic Investment Overview
- Tether’s funding will empower XREX to enhance B2B cross-border payment solutions, leveraging USDT for faster, cost-efficient transactions.
- Collaboration includes launching XAU1, a gold-pegged stablecoin backed by Tether Gold (XAUt), offering inflation hedging and financial stability.
2. Advancing Financial Inclusion
- Focus on emerging markets to bridge gaps in traditional banking infrastructure.
- XREX’s compliance-first approach aligns with Tether’s commitment to secure, transparent financial ecosystems.
3. Innovation in RegTech
- Joint efforts to combat illicit activities involving stablecoins through cutting-edge monitoring tools.
- Strengthening trust in crypto transactions for businesses and individual users.
Leadership Insights
Paolo Ardoino, CEO of Tether
"This investment underscores our dedication to普惠金融. By integrating USDT into XREX’s支付 infrastructure, we’re setting new benchmarks for financial accessibility."
Wayne Huang, Co-founder & CEO of XREX
"Combining Tether’s resources with our监管科技 expertise will redefine responsible金融科技."
Winston Hsiao, Co-founder & CRO of XREX
"This溢价增资 enables us to attract top talent and accelerate our mission of transforming global清算 systems."
XREX’s Regulatory Milestones
- Licensed as a Major Payment Institution (MPI) by Singapore’s MAS.
- Compliant with Taiwan’s AML regulations.
👉 Discover how XREX is reshaping cross-border payments
FAQs
1. How does XAU1 differ from other stablecoins?
XAU1 combines the stability of USD-pegging with the security of黄金储备, offering a unique hedge against inflation.
2. Which markets will benefit most from this partnership?
Emerging economies with limited access to traditional banking services, particularly in Asia and Africa.
3. What’s next for Tether and XREX?
Expanding USDT’s utility in B2B payments and launching innovative RegTech solutions by Q4 2024.
About Tether:
Pioneer of USD₮,致力于构建安全、高效的金融基础设施 for the unbanked.
About XREX:
A global金融科技 platform licensed in multiple jurisdictions, specializing in blockchain-based跨境支付.
👉 Learn more about XREX’s services
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