Tether Invests 600 Million in XREX Group to Promote Inclusive Finance in Emerging Markets

With the funding support from Tether, XREX will deepen its cultivation in emerging markets, promote compliant enterprise-level (B2B) cross-border payments, with USDT as the core foundation, providing 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 cooperation 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.