Recently, I have been following a new project in the cross-border payment field that could change the game for traditional transfers.

High fees for cross-border remittances have always been a pain point, but the technical solution of this project looks very interesting—they want to solve this problem completely with blockchain.

A few noteworthy data points:

• Tether has participated in investment.
• Completed identity verification for over 150,000 users.
• The test network processed 1.6 million transactions.

From these figures, the project has made substantial progress in compliance and technical verification. If it really can reduce the cost of bank-level transfers, the impact on the entire payment industry will be significant.

Of course, it is still an early stage, but there are stablecoin giants supporting it, and the test data is quite solid, so it is indeed worth continuous observation.

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AirdropLicker

· 9h ago

Wow, Tether has invested too? This guy has something going on, cross-border remittances really are a gold mine. 1.6 million transactions have gone through without a hitch, the data is solid, but I still need to take a closer look at this early project. Bank-level fees? If it can really be achieved, I'm going all in; it hurts to keep giving money to intermediaries. This isn't just a hype, right? With 150,000 KYC users plus Tether's backing, it feels different. I bet this thing can take off, just afraid it will become the next Rug Pull project, but the risk is worth a shot.

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gas_fee_trauma

· 9h ago

Cross-border payments have always been clipped coupons by traditional banks. I'm a bit hopeful with Tether's investment, but 1.6 million transactions... can it really materialize? --- Tether's backing is indeed a plus, but many early projects have flopped, so I will continue to observe. --- 150,000 user verifications sound like a lot, but I'm afraid it's just another speculative concept, and the fees will still be so high. --- If the cost of bank-level transfers were really to come down, this issue would have been resolved long ago. It still depends on whether real scenarios can be utilized. --- With such rigorous compliance, I can't help but wonder if it’s too conventional... what about the meaning of Blockchain? --- Hmm, worth following, but what I really want to see is how the real user experience is. These numbers look nice, but you never know when it might collapse. --- Tether's investment does indeed provide confidence, but with such fierce competition in the cross-border payment market, what will it rely on to break through? --- 1.6 million transactions sound good, but the key is how much those fees can actually be reduced, so it doesn't end up being only slightly cheaper than banks.

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SelfStaking

· 9h ago

Cross-border transfers are really being played people for suckers too hard. Let's see if this project can actually undergo surgery. Tether's investment shouldn't be too outrageous, 150,000 verified users is not insignificant, but we need to see if there's real volume in subsequent transactions. 1.6 million transactions sound good, but I'm afraid it's just pretty test data. If this track can really succeed, Bitcoin will have to step aside. Early projects are always like this, let's talk again after the Mainnet goes live, don't be fooled by the White Paper. If bank fees are really broken, traditional payment companies will be crying. To be honest, I'm more concerned about the actual user adoption rate, the numbers can look very good. Stablecoin backing is indeed a plus, but these days, anyone backing has to verify themselves.

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ColdWalletGuardian

· 9h ago

Watching Tether get on board, 1.6 million transactions have gone through, this time seems a bit different. --- Cutting cross-border remittance fees by half is big news, can they really achieve zero cost? I'm a bit skeptical. --- With 150,000 user verifications + such solid test data, it really is impressive, just afraid it will end up being another hype. --- The endorsement from the stablecoin giant is crucial, much more reliable than just financing news. --- Let's wait until the official launch, there are too many projects with good early data. --- If transfer costs can drop to this level, the remittance black market should be crying. --- The compliance is so solid, indicating that the founding team isn't looking for quick gains, that's worth something.

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