Tether, the leading stablecoin issuer, has revealed its plans to explore opportunities in commodity trading after securing massive profits, according to a Monday report by Bloomberg. 

The flagship stablecoin issuer is mulling over lending to several firms in the above-mentioned sector. The USDT stablecoin, which boasts a market cap of nearly $120 billion, could be potentially integrated into traditional commodity trading. 

Physical commodity traders typically rely on revolving credit facilities in order to be able to access capital in a reliable fashion. This helps them mitigate possible risks given that commodity prices tend to be quite volatile. Traders tend to rely on banks for securing necessary funding, but non-bank financial institutions have also emerged as increasingly important players. 

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Tether reportedly wants to position itself as a more efficient lender since it would be able to offer faster payments due to a looser regulatory environment.    

For now, the company is just "defining the strategy," according to Tether CEO Paolo Ardoino. He believes that this field has very high potential. 

Tether's massive profits 

Tether has been routinely sharing very impressive quarterly profits. In the first half of the year, it managed to secure a net profit of a staggering $5.2 billion. 

The company has been using these profits to explore various industries, including artificial intelligence (AI). 

Last month, the stablecoin behemoth also made an investment in prominent agriculture company Adecoagro, which owns plenty of farmland across Latin America.