Tether Investments has completed its first crude oil transaction in the Middle East, financing the transport of 670,000 barrels worth $45 million.
This milestone for Tether's Trade Finance division showcases its use of $USDT stablecoin to streamline costs and payments in global trade.
CEO Paolo Ardoino highlighted their mission to modernize trade finance with blockchain driven solutions.
Tether’s entry into commodities trading signals its commitment to innovation and inclusivity across diverse industries, inviting accredited counterparties to join its transformative efforts.