XT Exchange Connects USDT Balances to Local QR Payment Networks with XT Pay

XT Exchange, a leading global digital asset trading platform, has introduced XT Pay, a feature that connects users' USDT balances to local QR payment networks. This innovation allows eligible users in supported markets to make purchases at participating merchants using their existing Spot account balance.

The process is straightforward: users authorize a USDT payment through the XT App, and a third-party provider processes the local QR transaction, settling with the merchant in local currency. The exchange rate, USDT deduction, and applicable fee are presented before confirmation.

This service removes the need for users to manually sell their USDT, withdraw local currency, and fund a separate payment account before making a purchase.

XT Pay's Scan to Pay feature is accessible through the XT App. According to Visa, stablecoin spending is expanding rapidly, with approximately $5.2 billion in volume reported through its stablecoin-linked card programs in 2025, an increase of 319% year over year.