Tether, the giant behind the USDT stablecoin, has secured $45 million in financing for 670,000 barrels of crude oil from the Middle East. 🌍 The move is part of Tether’s efforts to establish itself in the $10 trillion global trade finance industry.
- Tether wants to be active in trade finance, not just the crypto space.
- CEO Paolo Ardoino said the transaction is the start of supporting a wider range of commodities and sectors.
- The company also invests in venture capital, bitcoin mining, and artificial intelligence.
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