Tether invests 600 million in XREX Group to drive inclusive finance in emerging markets

With the funding from Tether, XREX will deepen its cultivation in emerging markets, promote compliant enterprise-level (B2B) cross-border payments based on USDT. It aims to provide enterprises with more convenient, efficient, and cost-effective services, driving the transformation of financial transactions in emerging markets. In addition, XREX will launch XAU1 in collaboration with Unitas Foundation. XAU1 is a unit currency backed by excess reserves of Tether Gold (XAUt) and pegged to the value of the US dollar, providing stablecoin users with a robust financial alternative and a hedge against inflation.