ABU DHABI, January 15, 2024 – CoinCove, an Abu Dhabi-based digital asset service provider, today announced a strategic partnership with a local New Zealand fintech company, marking a milestone achievement in USDT cross-border payments and digital asset settlement. This collaboration not only drives business growth for both parties but also provides global clients with a more secure, efficient, and low-cost cross-border transaction experience.
Since the joint project’s launch, the two parties have focused on the following core areas:
Cross-Border Enterprise Settlement: Providing USDT settlement services for New Zealand’s export enterprises and cross-border e-commerce clients, significantly reducing risks from exchange rate fluctuations and fees from traditional banking.
Expansion of Digital Asset Payment Scenarios: Applying stablecoins to overseas payroll distribution and cross-border supply chain payments to achieve rapid fund settlement.
Technology and Compliance Support: Ensuring end-to-end transaction security and compliance by leveraging CoinCove’s cross-chain payment technology and the New Zealand partner’s local regulatory expertise.
According to statistics, since the partnership began, the platform’s monthly transaction volume has increased by over 150% compared to the same period last year, and the number of newly registered users has grown by approximately 62%. The service has been highly recognized, especially among cross-border e-commerce and export enterprises. Through a customized settlement solution jointly developed by both parties, the average fund arrival time for businesses has been reduced to within 1–2 hours, significantly enhancing capital flow efficiency.
A spokesperson for CoinCove stated, “Joining forces with our New Zealand partner has not only allowed clients to enjoy a more convenient cross-border payment experience but has also enabled us to achieve a breakthrough in the international application of stablecoins. In the future, we will continue to expand into more cross-border payment scenarios, allowing digital assets to truly serve users worldwide.”
A representative for the New Zealand partner also commented, “CoinCove’s professional capabilities in stablecoin transactions and cross-chain payment technology have brought great convenience to our cross-border business. Both parties will continue to deepen cooperation in digital asset custody, enterprise payments, and compliance services to jointly promote regional financial innovation.”
