Leading commodity traders show interest in adopting USDT for trading, as it increases transparency and speed of transactions.
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.
Ardoino said that the company is already working with some of the largest commodity traders who are highly interested in using USDT for trading. Stablecoins offer a level of transparency and speed of transactions 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, using its cryptocurrency reserves and profits from USDT issuance. A division called Tether Investments was created specifically for this purpose.
Сообщение Major Commodity Traders Interested in Using USDT появились сначала на CoinsPaid Media.