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<ul>
 <li>Tether invests $18.75M in XREX Group, bolstering innovation in transactions.</li>
 <li>XREX aims to revolutionize financial transactions with Tether’s backing.</li>
 <li>XAU1 introduces a stablecoin alternative, underpinned by Tether Gold, facilitating stability.</li>
</ul>
<p><a href="https://tether.to/" target="_blank" rel="noopener noreferrer nofollow">Tether</a> has recently announced that it will invest $18.75 million in XREX Group in an effort to further enhance the efficiency of cross-border transactions.&nbsp;</p>
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   <p lang="en" dir="ltr">TETHER INVESTS $18.75M IN TAIWAN-BASED XREX CRYPTOCURRENCY EXCHANGE<br><br>– Stablecoin issuer Tether has announced an $18.75 million investment in XREX Group, a Taiwan-based cryptocurrency exchange.<br><br>– This strategic move aims to enhance cross-border business-to-business payments in… <a href="https://t.co/swTBeM7985" rel="noopener noreferrer nofollow">https://t.co/swTBeM7985</a> <a href="https://t.co/kVyuaDYS4g" rel="noopener noreferrer nofollow">pic.twitter.com/kVyuaDYS4g</a></p>— BSCN (@BSCNews) <a href="https://twitter.com/BSCNews/status/1798278252101779614?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 5, 2024</a>
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<p>This move demonstrates <a href="https://cryptonewsland.com/revolutionizing-neurotech-tether-invests-200-million-in-blackrock/" target="_blank" rel="noopener noreferrer nofollow">Tether’s dedication to supporting innovation</a> in the global payment ecosystem. The investments’ aim is to strengthen the infrastructure that supports international remittances and facilitates smooth transactions worldwide.</p>
<p>The partnership will specifically concentrate on developing regulatory technology and enabling cross-border remittances based on USDT, especially in developing nations.&nbsp;</p>
<p>Tether’s strategic investment of $18.75 million in the blockchain-enabled financial institution XREX Group highlights a collaborative effort to promote innovation in the digital asset space.</p>
<p>Equipped with Tether’s funding, <a href="https://xrex.io/" target="_blank" rel="noopener noreferrer nofollow">XREX </a>is ready to transform financial transactions by providing businesses with compliant, USDT-based cross-border B2B payments in emerging markets. These payments will be more efficient, easier, and maybe cheaper for businesses.</p>
<p>Additionally, XREX and the Unitas Foundation will launch XAU1, a stablecoin pegged to the US dollar that is unitized with Tether Gold (XAUt). This stablecoin alternative seeks to provide a hedge against inflation, giving businesses and users a more stable financial instrument.</p>
<p>In addition to supporting innovation in Regulatory Technology, the partnership between XREX and Tether will improve solutions that detect and <a href="https://cryptonewsland.com/usdt-regulation-showdown-tether-ceo-vs-ripple-ceo-whose-side-are-you-on/" target="_blank" rel="noopener noreferrer nofollow">prevent the illegal use of stablecoins</a>.</p>
<p>Tether’s CEO, Paolo Ardoino, expressed excitement about the strategic investment and emphasized how it could advance financial inclusion in developing countries. He gave a brief overview of upcoming creative projects, such as the Unitas Foundation’s creation of a new unitized stablecoin and the USDT-based cross-border payment facilitation.</p>
<p>With Tether’s large investment and XREX’s dedication to innovation and legal compliance, the partnership has the potential to completely change the cross-border transaction market and establish new standards for&nbsp; financial accessibility and efficient operation.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/revolutionizing-neurotech-tether-invests-200-million-in-blackrock/" rel="noopener noreferrer nofollow">Revolutionizing Neurotech: Tether Invests $200 Million in Blackrock</a></li>
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<p>The post <a href="https://cryptonewsland.com/tethers-18-75m-investment-accelerates-innovation-at-xrex-group-reshaping-transactions/" rel="noopener noreferrer nofollow">Tether’s $18.75M Investment Accelerates Innovation at XREX Group, Reshaping Transactions</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tether’s $18.75M Investment Accelerates Innovation at XREX Group, Reshaping Transactions

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