TechFlow news, November 15 — According to Cointelegraph, Tether Holdings SA announced it has deployed approximately $1.5 billion in credit facilities into the commodity trade finance sector and plans to "significantly expand" this business.
The company said it will leverage its nearly $200 billion in backing reserves to provide loans in both U.S. dollars and its stablecoin USDT, covering trades in commodities such as oil, cotton, and wheat.
This move is seen as a strategic shift for Tether from being solely a stablecoin issuer toward becoming an integrated platform combining "digital assets and trade finance," potentially accelerating the integration of stablecoins with traditional physical assets.
Add to Favorites
Share to Social Media
