XT Exchange launches XT Pay for QR-code payments with USDT

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.