Tether Considers Lending to Commodity Trading Firms to Deploy Huge Profits 💰

- Tether (USDT) has discussed USD lending opportunities with commodity trading firms.

- They are also looking at the role of USDT in mainstream commodity trading.

- International commodity trading such as oil and precious metals relies heavily on credit.

- Futures contracts linked to cryptocurrency prices are growing in popularity.

- Tether reports record $5.2 billion in profits in the first half of 2024.

- USDT's market cap is around $120 billion as of October 14.

CEO Paolo Ardoino said they are exploring opportunities in commodity trading, but the strategy is still being shaped.

What do you think about Tether expanding into commodities? Comment below! 👇

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