TechFlow news, October 15 — According to Bloomberg, Tether CEO Paolo Ardoino confirmed the company's interest in financing commodity trading during a recent interview, while emphasizing that discussions remain at an early stage. Ardoino stated, "We are interested in exploring possibilities across different commodity trades. The future potential is huge, but we may not disclose how much we intend to invest in commodity trading. We are still carefully formulating our strategy."
Previous report, Tether is exploring the possibility of providing loans to commodity trading firms as it seeks new avenues to deploy its billions of dollars in profits. According to people familiar with the matter, Tether has discussed U.S. dollar lending opportunities with several commodity trading companies.
