Tether Invests $18.75M In XREX To Encourage Cross-Border Payments

The post Tether Invests $18.75M In XREX To Encourage Cross-Border Payments appeared first on Coinpedia Fintech News

Tether has announced an $18.75 Million investment in the XREX group, with which XREX plans to facilitate cross-border B2B payments in emerging markets using USDT and intends to work with Tether to develop regulatory technology tools to detect and prevent the illicit use of stablecoins. Paolo Ardoina, the CEO of Tether stated that the collaboration with XREX will lead to several initiatives including the launch of a unique new unitized stablecoin by the Unitas Foundation and the USDT-based cross-border payment, setting a new benchmark for financial accessibility and efficiency.