According to Odaily Planet Daily, Paolo Ardoino, CEO of stablecoin issuer Tether, confirmed the company's interest in commodity trade financing in an interview with Bloomberg, but stressed that the discussion is still in the preliminary stage and refused to disclose the scale of the company's intended investment in commodity trading, saying only that Tether is carefully formulating its strategy. Paolo Ardoino explained: "We are interested in exploring the possibilities of different commodity trading. The future potential is huge, but we may not disclose how much we intend to invest in commodity trading. We are still formulating the strategy."