Tetherthe firm behind USDThas announced a investment of 18.75 million dollars in the XREX group with the objective of improve cross-border transactions, drive digital financial innovation and strengthen regulatory technology according to Coingape.
This capital injection shows the Tether’s commitment to fostering innovation within the global payments ecosystem. By partnering with XREX, a company known for its cutting-edge financial technology solutionshas as purpose Optimize and strengthen the infrastructure for international payments. This investment offers Greater reliability and speed in transferring funds across borders.
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Driving innovation in the digital asset industry
This collaboration aims drive innovation in the digital asset industryparticularly for Facilitate USDT-based cross-border payments in emerging markets and promote regulatory technology. With funding from Tether, XREX will facilitate USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering companies greater ease, efficiency and potentially lower costs. Additionally, you will work with the Unitas Foundation to launch XAU1, a unified USD-pegged stablecoin overbooked with Tether Gold (XAUt), providing customers with stable alternative and a hedge against inflation.
This collaboration will drive innovation in regulatory technology (RegTech), improving solutions for detect and prevent illicit use of stablecoins. He Tether’s commitment to responsible financial stewardship aligns with XREX’s dedication to fostering a secure, accessible and trustworthy environment for all cryptocurrency users in emerging markets. “Tether’s strategic investment in XREX Group signifies our unwavering commitment to fostering financial inclusion in emerging markets,” he said. Paolo Ardoino, CEO of Tether. “Our collaboration with financial efficiency in the region”.
Expand financial inclusion and compliance
Tether and XREX have a history of successful collaboration helping law enforcement identify, arrest and sentence criminals. With strong support and investment from Tether, XREX is expanding this success into a RegTech product line, further refining the XREX Group as a responsible financial institution. “We thank Tether and all existing investors for support this round, which involved an issuance of (common) shares of new equipment to boost our recruitment of top talent”.
XREX has an impressive list of investors, including the Government of Taiwan National Development Fund, CDIB Capital Group, SBI Holdings, E.Sun Financial Holding, ThreeD Capital, AppWorks, BlackMarble and New Economy Ventures. XREX Singapore recently acquired the Primary Payment Institution license from the Monetary Authority of Singaporewhile XREX has been operating under the Registered VASP status of the Taiwan Financial Supervision Commission.
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