Tether’s entry into trade finance disrupts traditional global transaction systems.
USDT streamlines cross-border trade, offering faster, cost-effective payment solutions.
Tether expands trade finance to diverse sectors, enhancing global market inclusivity.
Tether has stepped into the global trade sector by financing a high-profile crude oil transaction in October 2024 through its investment division, marking Tether’s first transaction in the Middle East.
The deal included the loading and shipment of 670,000 barrels of crude oil, valued at roughly $45 million, between a publicly traded oil super-major and a top-tier commodity trader.
Stable Coin Cross Border Trade Settlements: @Tether_to Trade Finance Completes Funding of First Middle Eastern Crude Oil Transaction in $USDT
Tether, the largest company in the digital asset industry today announced that its Investment division has financed a physical crude oil… pic.twitter.com/UPPrTcZRDe
— MartyParty (@martypartymusic) November 8, 2024
Expanding Tether’s Role in Global Trade Finance
Tether’s Trade Finance was launched earlier this year to tap into the $10 trillion trade finance industry. Tether’…
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