Russia’s Exved Launches Cross-Border Payment Service Powered By Tether’s USDT Stablecoin
Russian digital settlement exchange Exved has officially debuted with the goal of empowering local legal entities to conduct cross-border digital payment services using Tether’s USDT.
Russia's Exved platform launches as one of the first cross-border payment solutions enabling local legal entities to conduct international settlements in crypto.
The digital settlement platform supports Tether (USDT) stablecoin transactions, alongside the U.S. dollar and…
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In its announcement on Telegram to mark the launch, Exved explained that it operates through a business-to-business (B2B) electronic platform that enables Russian importers and exporters to place and execute offshore orders.
The project aims to streamline cross-border payments for Russian legal entities without the need for intermediaries, all at minimal market rates.
The exchange exclusively collaborates with legal entities, ensuring compliance with Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) measures. It integrates non-resident (offshore) rubles, US dollars, and USDT for settlements.
Beyond simplifying international payments, the B2B solution offers complimentary services for legal transaction documentation and acts as an escrow agent.
The exchange’s launch involves the participation of well-known brokers in the cross-border payment market. Additionally, technical specialists from InDeFi Bank, which launched a decentralized rubble project in 2022, are actively engaged in this initiative.
On December 7, Sergey Mendeleev, the co-founder and CEO of InDeFi Smart Bank, exclusively told Cointelegraph that the internal work structure of Exved has undergone testing.
The CEO noted that the project has also obtained
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