Tether invests $18.75 million in XREX Group and launches XAU1 stablecoin to enhance cross-border B2B payments and regulatory technology.
Tether, the digital asset company behind the USDT stablecoin, announced a strategic investment of $18.75 million in XREX Group and the launch of a new stablecoin, XAU1.
According to the company’s press release, the collaboration aims to improve cross-border business-to-business (B2B) payments and innovate the digital asset industry and “regulatory technology.”
Paolo Ardonio, CEO of Tether commented on the announcement: