ABU DHABI, October 15, 2024 – CoinCove, an Abu Dhabi-based digital asset company, today announced a partnership with an Indian financial technology firm to promote the adoption of USDT cross-border payments and stablecoin settlement in the South Asian market.
Highlights of the Partnership:
Cross-Border E-commerce and Enterprise Settlement: Providing fast, low-cost stablecoin payment solutions for Indian export companies and e-commerce sellers.
Personal Cross-Border Remittances: Supporting low-fee remittances for international students and freelancers.
Compliance and Technology Guarantees: Ensuring security and compliance by combining CoinCove’s cross-chain payment technology with India’s local regulatory framework.
Data shows that since the partnership’s launch, transaction volume has increased by approximately 165% year-over-year, the number of new registered users has risen by 62%, and the average settlement time for cross-border enterprise payments has been reduced to within 1–2 hours.
A spokesperson for CoinCove stated, “This partnership strengthens our presence in the South Asian stablecoin payment market, allowing us to provide secure and efficient digital asset services to both businesses and individuals.”
A representative for the Indian partner commented, “The professionalism of CoinCove’s technology and services has provided strong support for our cross-border payment business. We look forward to further expanding our collaborative application scenarios in the future.”
