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Leading commodity traders are showing interest in adopting USDT for trading, citing increased transparency and transaction speed.
Tether Investment’s liquidity pool, dedicated to financing transactions in the commodities market, could reach $5 billion by 2026. This was revealed by Paolo Ardoino, CEO of Tether, in an interview with The Block.
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Ardoino stated that the company is already collaborating with some of the largest commodity traders who are highly interested in using USDT for trading. He noted that stablecoins offer a level of transparency and transaction speed that surpasses traditional financial instruments.
Tether Investments plans to lend capital to commodity brokers and earn interest on temporary financing. For example, in October, the company financed a ~$45 million deal involving the loading and transportation of 670,000 barrels of Middle Eastern crude oil.
Earlier this year, Tether announced its intention to enter the commodities market by offering loans to traders, utilizing its cryptocurrency reserves and profits from USDT issuance. A division called Tether Investments was created specifically for this purpose.
Оригинал Major Commodity Traders Interested in Using USDT взят из CoinsPaid Media.
