Tether, the crypto company behind the largest stablecoin USDT, is considering the opportunity to grant loans in commodity trading.
Tether (USDT) and the opportunity to grant loans in commodity trading
According to what reported, it seems that Tether, the company behind USDT, is considering the opportunity to grant loans to commodity trading companies.
In practice, the issuer of the largest stablecoin needs a way to deploy its billions of dollars in profits. If the choice fell on trading commodities, companies could benefit from a wider credit.
At the moment, the issue does not seem to be official. In fact, the CEO of Tether, Paolo Ardoino, reportedly told Bloomberg that it is an exploration of opportunities in the sector, emphasizing that it is still “in the early stages.”
“We will probably not reveal how much we intend to invest in commodity trading. We are still defining the strategy”
What is known, however, is that there is interest and that Tether has discu
We współpracy z: https://en.cryptonomist.ch/2024/10/15/tether-could-grant-loans-to-commodity-trading-companies/
