💵 Tether enters the oil market with a $45 million deal
This deal is made to facilitate the transportation of 670,000 barrels of oil from the Middle East🛳️🛢️
This deal shows us that 💸 Tether is not going to stop at operations within the cryptocurrency market.
This is a 🚨 signal that the company plans to expand its portfolio and stabilize reserves in physical assets. Moreover, the investments are going into the most liquid assets - oil (it is always in demand👻)
Most likely, this is risk hedging, protection against inflation, and finally access to real, non-digital assets.
If such actions prove successful, it will set an example for other stablecoin issuers and also for other participants in the crypto market.
So, we will witness how the crypto market transforms as a whole! And how quickly it can grow in the future🚀
