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Kem fintech launches USDT payment and payroll tools for Gulf businesses, backed by Tether's $3M investment

Market News
21 Oct 2026
Tokenpost
View Source
Bullish
Kem fintech launches USDT payment and payroll tools for Gulf businesses, backed by Tether's $3M investment

Kuwait-based fintech Kem has introduced tools allowing businesses to accept Tether's USDT stablecoin for payments and payroll. Supported by a $3 million investment from Tether in August 2024, Kem's platform enables merchants to collect USDT via checkout, payment links, and API integration, while employers can schedule payroll transfers to employee wallets. This service targets the Gulf Cooperation Council's large expatriate workforce, facilitating multi-currency payments and remittances. The move expands USDT's use beyond trading to practical business transactions, aligning with Tether's goal of promoting financial inclusion and stability.

Kem's new USDT payment and payroll tools enter a market where 40 of 50 major cryptocurrencies on Pluang rose today. For readers following crypto markets, here is Pluang's snapshot as of Oct 22, 2026 00:51 WIB: AAVE gained 4.27% to Rp2.869.734 with a typical hold time of 106 days and balanced buy/sell activity; XRP rose 3.98% to Rp24.898 with a 72-day hold time; and ZIL increased 3.94% to Rp41, favored by 70% buy orders.

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