Tether, the largest company in the digital asset industry, has announced a strategic investment of $18.75 million in Taiwan’s XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology.
With Tether’s funding, XREX will facilitate compliant, USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering businesses greater ease, efficiency, and potentially lower costs. Additionally, XREX will work with the Unitas Foundation to launch XAU1, a USD-pegged unitized stablecoin over-reserved with Tether Gold (XAUt), providing customers with a stable alternative and a hedge against inflation.
The parties said that this collaboration will drive innovation in Regulatory Technology (RegTech), enhancing solutions to detect and…
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