Tether Suddenly Taps into Crude Oil Market

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Tether, issuer of world's largest stablecoin USDT, shares details of its first-ever Middle Eastern crude oil transaction

Tether Investments, a trading and investing arm of stablecoin ecosystem Tether, just finalized its first-ever crude oil purchasing transaction. The company demonstrates more ambition in the commodities and real-world asset trading spheres.by Tether, a fintech heavyweight and issuer of U.S. Dollar Tether dominant stablecoin, the company's investments arm completed its inaugural deal in the sphere of commodities trading.

Tether Investments’ financing of this significant crude oil transaction underscores our commitment to reshaping the trade finance landscape,” said Paolo Ardoino, CEO of Tether. “With USD₮, we’re bringing efficiency and speed to markets that have historically relied on slower, more costly payment structures. This transaction marks the beginning, as we look to support a broader range of commodities and industries, fostering greater inclusivity and innovation in global finance.

The Tether team highlights that the investments arm is fully separated from Tether’s stablecoin reserves and leverages the company’s high profitability.The pilot transaction paves the way to a wider range of lending opportunities, spanning the financial, technology, agricultural and asset-backed sectors.

As covered by U.Today previously, fintech giant Tether introduced a number of products in previously unexplored segments of the digital economy.Starting from mid-2023, the platform is heavily investing into cryptocurrency mining software and supports a couple of"Green Mining" initiatives across the globe.

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