đ Tether, the issuer of the USDT stablecoin, has taken a bold step into the $10 trillion trade finance industry by financing a $45 million crude oil deal. This transaction involved 670,000 barrels of Middle East crude oil between a major oil company and a top-tier commodity trader.
- Tether aims to bring efficiency and speed to markets traditionally reliant on slower payment systems.
- The company is diversifying beyond stablecoins, venturing into commodities, venture capital, Bitcoin mining, and AI.
- Despite recent controversies, Tether remains committed to compliance and innovation.
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