🏦💱 XREX Receives Major Payment Institution License from MAS: Launches XREX Pay Platform 🌐💼

Exciting news from the world of blockchain finance! Singapore-based financial institution XREX has just hit a major milestone by securing a coveted Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). 🎉

But that's not all – XREX isn't stopping there. The company is gearing up to launch XREX Pay, a cutting-edge platform designed to revolutionize cross-border B2B payments for businesses. 💼💳

Here's the scoop: XREX Pay will offer seamless payment capabilities across borders, supporting channels in Singapore dollars, US dollars, and popular stablecoins like USDT and USDC. It's a game-changer for businesses looking to streamline their international transactions and unlock new opportunities for growth. 💰🚀

And this isn't the first time XREX has made waves in the industry. Back in November 2023, the company received principal approval for the MPI license from MAS, setting the stage for this groundbreaking announcement. 📅🔍

With the MPI license in hand and the launch of XREX Pay on the horizon, XREX is poised to lead the charge in transforming the way businesses navigate the world of finance. It's a testament to their commitment to innovation and their vision for a more interconnected and efficient financial ecosystem. 🌐💡

So here's to XREX and the future of cross-border payments – we can't wait to see what's next! 🥂🌟

#XREX #CryptoPM_Youtube #CryptoNews🚀🔥

💵 Tether invested $18 million in #XREX Group

Tether has invested $18.75 million in XREX Group.

The move is made to support cross-border B2B payments using #USDT。 and the launch of the XAU1 #stablecoin , which will be backed by Tether Gold.

XREX has licences in Taiwan and #Singapore .
#BnbAth

Tether Goes Beyond Stablecoins with Strategic Investments in Artificial Intelligence and Crypto Firms.

Tether's latest investment includes a strategic injection of $18.75 million into #XREX Group. XREX, a blockchain-backed financial institution, aims to facilitate cross-border transactions between companies using #USDT , Tether's main stablecoin. This financing will enable XREX to make financial transactions more efficient and reduce costs in emerging markets. Additionally, XREX will work with the Unitas Foundation to introduce the dollar-pegged XAU1 stablecoin, which is overbooked with Tether Gold (XAUt).

Speaking about the investment, #Tether CEO Paolo Ardoino said, “Tether's strategic investment in XREX Group demonstrates our unwavering commitment to promoting financial inclusion in emerging markets. "This latest investment is aligned with Tether's long-term vision to build a robust infrastructure that extends beyond the crypto market." This statement highlights Tether's goal of creating a comprehensive financial framework that supports a variety of economic activities.

Just a week before the XREX investment, Tether closed a $150 million private equity financing deal with blockchain and high-performance computing firm Bitdeer. Through this agreement, Tether secured a private placement of 18,587,360 shares of Bitdeer Class A common stock, with the right to purchase 5,000,000 shares for $10 each. This venture generated gross proceeds of $100 million, and an additional $50 million could be generated if Bitdeer exercises its full share purchase option.
In April, #Tether made headlines by investing $200 million in Blackrock Neurotech, which specializes in Brain-Computer Interface (BCI) technology. This move marks Tether's important step into artificial intelligence and related technologies. The company's strategy is in line with the vision shared by Tether CEO Paolo Ardoino at the 2024 Token2049 Dubai Conference, and he predicted that AI-focused investments will increase.
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