Tether Invests $18.75M in XREX Group to Boost Financial Inclusion and Cross-Border Payments

cryptonews.com:

Tether has invested $18.75 million in XREX Group to enhance cross-border payments and foster financial inclusion in emerging markets.

This investment aims to enhance financial inclusion, introduce innovative financial solutions, and improve the efficiency of cross-border payments in emerging markets while driving innovation in regulatory technology.

Tether Invests $18.75M in XREX Group to Drive Financial Inclusion in Emerging Markets
Learn more: https://t.co/R1rs7ZPoZc

— Tether (@Tether_to) June 5, 2024

Tether, the world’s largest stablecoin by market value, has announced a $18.75 million investment in XREX Group , a fully regulated, blockchain-enabled financial institution known for its cutting-edge technology solutions.

XREX secured this investment from notable investors, including the Taiwanese Government National Development Fund, CDIB Capital Group, SBI Holdings, E.Sun Financial Holding, ThreeD Capital, AppWorks, BlackMarble, and New Economy Ventures.

This investment is part of Tether’s broader strategy to drive innovation within the global payment ecosystem, particularly in facilitating USDT-based cross-border transactions in emerging markets and advancing regulatory technology.

“Tether’s strategic investment in XREX Group signifies our unwavering commitment to fostering financial inclusion in emerging markets,” said Tether’s CEO, Paolo Ardoino. It is also set for a fully regulated, blockchain-enabled financial institution, Tether, which aims to streamline and bolster the infrastructure for international payments.

With this investment, XREX will enhance its ability to facilitate compliant, USDT-based cross-border B2B payments. It is expected to revolutionize financial transactions by offering businesses greater