Tether Enters Oil Market with $45 Million Trade

Tether, the issuer of the world's largest stablecoin, has expanded into the oil sector by funding a $45 million crude oil trade. This move marks Tether's first venture into commodity-backed transactions, aiming to diversify its holdings and demonstrate the utility of stablecoins in traditional markets. The transaction underscores the growing intersection between digital assets and conventional industries.

THE BLOCK

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