XREX Raises $18.75M from Tether for Cross-Border Payments and Innovation

XREX's Strategic Investment from Tether

Key Highlights:

• Strategic Investment: XREX, a blockchain-enabled financial service provider, received an $18.75M strategic investment from Tether.
• Collaboration Goals: Drive innovation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology.
• USDT-based Cross-Border Payments: XREX will facilitate compliant, USDT-based cross-border B2B payments in emerging markets with Tether's funding.
• USD-Pegged Stablecoin: XREX will launch XAU1, a USD-pegged unitized stablecoin over-reserved with Tether Gold (XAUt), providing customers with a stable alternative and a hedge against inflation.

XREX's Target Market

• Target Market: Small to medium-sized businesses (SMBs) in or dealing with emerging markets, and individuals worldwide seeking novice-friendly financial services.
• Financial Institutions and Regulators: Collaborating with banks and regulators to provide enterprise-grade banking services and regulatory technology solutions.
• Emerging Markets: Focusing on markets with growing economic potential and a need for efficient cross-border payment solutions.

What XREX Needs to Buy

• Regulatory Technology Solutions: Developing and enhancing regulatory technology solutions to ensure compliance and facilitate cross-border payments.
• Partnerships in Emerging Markets: Collaborating with financial institutions and businesses in emerging markets to expand their cross-border payment services.
• Marketing and Branding Services: Engaging with marketing agencies to increase brand awareness and reach their target market.