Wu said that Tether announced a strategic investment of $18.75 million in XREX Group. Officials said that the cooperation will support USDT's cross-border B2B payments based on emerging markets and launch the stablecoin XAU1 supported by Tether Gold. It is reported that XREX operates under the registered VASP status of the Financial Supervisory Commission of Taiwan, and XREX Singapore recently obtained the main payment institution license from the Monetary Authority of Singapore.
