{"id":80236,"date":"2024-06-05T04:34:15","date_gmt":"2024-06-05T08:34:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80236"},"modified":"2024-06-05T04:34:18","modified_gmt":"2024-06-05T08:34:18","slug":"bitcoin-etfs-gain-attention-as-btc-price-surpasses-71k","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-etfs-gain-attention-as-btc-price-surpasses-71k\/","title":{"rendered":"Bitcoin ETFs Gain Attention as BTC Price Surpasses $71K"},"content":{"rendered":"\n

Tether invests $18.75 million in XREX Group to enhance cross-border B2B payments<\/a> and develop regulatory technology for stablecoins.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin ETFs Gain Attention as BTC Price Surpasses $71K<\/figcaption><\/figure>\n\n\n\n

Tether, a stablecoin issuer, has disclosed an investment of $18.75 million in XREX Group, a cryptocurrency exchange<\/a> headquartered in Taiwan.<\/p>\n\n\n\n

XREX stated in a statement that was shared with The Block that the company intends to further facilitate cross-border business-to-business payments in emergent markets using USDT with the new funding. The company also plans to collaborate with Tether to create regulatory technology tools that can detect and prevent the illicit use of stablecoins.<\/p>\n\n\n\n

“Our partnership with XREX will lead to the implementation of numerous innovative projects, such as the establishment of a distinctive new unitized stablecoin by the Unitas Foundation and the facilitation of USDT-based cross-border payments, which will establish a new standard for financial accessibility and efficiency in the region,” stated Paolo Ardoino, CEO of Tether, in the statement.<\/p>\n\n\n\n

Wayne Huang, the CEO of XREX Group, stated that the two entities collaborated to \u201chelp law enforcement agencies identify, arrest, and sentence criminals.\u201d<\/em><\/p>\n\n\n\n

Recently, Tether has been engaging in investment activities. Bitdeer, a Bitcoin mining company\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, disclosed last week that it had reached an agreement with Tether for the private transfer of up to $150 million of its shares.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tether invests $18.75 million in XREX Group to enhance cross-border B2B payments and develop regulatory technology for stablecoins. Tether, a stablecoin issuer, has disclosed an investment of $18.75 million in XREX Group, a cryptocurrency exchange headquartered in Taiwan. XREX stated in a statement that was shared with The Block that the company intends to further […]<\/p>\n","protected":false},"author":36,"featured_media":80239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[1742,4298],"class_list":["post-80236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-etfs","tag-btc-price"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/1702631382731.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80236"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80239"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}