XT Exchange has introduced XT Pay, a payments service that lets eligible users spend USDT directly from their XT spot accounts at participating merchants in supported markets. The service works through local QR-code payment networks, allowing users to complete transactions without first moving funds out of the exchange account for separate payment use.
According to the announcement cited by Techub News, payment processing is handled by a third-party service provider, while merchants receive settlement in local currency. That structure means the merchant side does not settle in USDT, even though users pay with their stablecoin balances.
Arman Achmed, chief operating officer at XT Exchange, said XT Pay is designed to keep account assets useful after trading. He said the product connects users with merchants through existing payment habits and aims to reduce barriers that have limited the use of stablecoins in everyday spending. The item cited BeInCrypto as the source of the reported details.
XT Exchange has launched XT Pay, a payment service that allows eligible users in supported markets to pay participating merchants with the USDT balance held in their XT spot accounts.
The service uses local QR-code payment networks to complete purchases. Payment processing is handled by a third-party service provider, and merchants are settled in local currency.
Arman Achmed, chief operating officer at XT Exchange, said XT Pay is meant to keep account assets useful after users complete trades. He said the service links users and merchants through payment habits they already use, with the goal of reducing obstacles to stablecoin use in day-to-day spending.
The report was cited by Techub News and attributed to BeInCrypto.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
