ABU DHABI, June 15, 2024 – CoinCove, an Abu Dhabi-based digital asset service provider, today announced a partnership with an Australian financial technology company, marking a new achievement in USDT cross-border payments and stablecoin settlement. The collaboration will provide efficient and secure digital asset trading services for customers in the Oceania market.
Highlights of the Partnership:
Cross-Border E-commerce Settlement: Offering stablecoin payment solutions for Australian export companies and e-commerce sellers to reduce cross-border transaction costs.
Corporate Payroll Distribution: Supporting enterprises in paying salaries to overseas employees with USDT, reducing settlement times.
Compliance and Technology Guarantee: Both parties will combine local regulatory experience with CoinCove’s cross-chain technology to ensure transactions are secure and compliant.
Data shows that since the partnership’s launch, platform transaction volume has increased by approximately 160% year-over-year, the number of new registered users has grown by 60%, and the average settlement time for cross-border enterprise payments has been reduced to within 1–2 hours.
A spokesperson for CoinCove stated, “Through our collaboration with our Australian partner, we are further enhancing the stablecoin payment ecosystem in Oceania, providing convenient and secure digital asset services for both enterprise and individual users.”
A representative for the Australian partner commented, “CoinCove’s technical capabilities and professional services have provided strong support for our cross-border payment business. Both parties will continue to explore more collaborative scenarios in the future.”
