PANews, November 28, reports that after recently entering commodity lending, Tether CEO Paolo Ardoino stated that the liquidity fund pool reserved by Tether Investments for financing raw material trading could grow to between $3 billion and $5 billion by 2026. In an interview this week, he revealed that Tether Investments plans to offer capital lending to commodity brokers and earn interest from temporary financing. Ardoino said, 'This is a way to provide partner liquidity for an industry that is always thirsty for liquidity,' and added that Tether Investments has already partnered with some of the largest commodity traders in the industry. For privacy reasons, this Tether executive refused to disclose the names of any trading companies.
When asked about Tether's interest in commodities, Ardoino stated that it makes sense to help facilitate trading, as USDT is particularly popular among users in emerging markets and developing countries, where commodity sales are a major driver of the economy. He also mentioned that Tether is particularly interested in helping to finance oil, gas, and gold trading.
