Tether is actively exploring the possibility of providing credit lines to traders working in the commodity market.
The main advantage of lending in USDT is the ability to avoid many of the bureaucratic procedures typical of traditional financial institutions. This will significantly speed up the process of financing transactions and increase the efficiency of commodity trading.
Tether CEO Paolo Ardoino confirmed the information about the negotiations, but declined to disclose specific details of the upcoming investment. He emphasized that the company is in the process of developing a strategy and is considering various options for the development of events in the commodity market.
The creation of a separate team to work in this direction indicates the seriousness of Tether’s intentions. The participation of company representatives in industry conferences in September 2024 also confirms the company’s activity in this direction.
