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Tether makes its 1st oil trade in Middle East

Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal

The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.

Cointelegraph.com on MSN · 2d

Tether expands into oil trading with $45M transaction

Tether has entered the global commodities market by financing a $45 million crude oil transaction in October 2024.

Cryptopolitan on MSN · 2d

Tether makes its first oil trade in Middle East

Tether has made the funding for the first time for crude oil transactions in the Middle East. This action is part of stablecoin’s issuer’s bigger plan to expand its business in the world of commodity trading.

Bloomberg L.P. · 2d

Tether Funds First Oil Trade for Major Producer in Middle East

Stablecoin issuer Tether said it completed the funding of its first crude oil transaction in the Middle East as part of a plan to become a lender in commodities trading.

EconoTimes · 2d

Tether Ventures into Middle Eastern Oil Market with $45M Crude Shipment, Signaling Fintech Power Shift

Tether, issuer of the USDT stablecoin, has financed its first major crude oil transaction in the Middle East, moving 670,000 barrels valued at $45 million. This marks a significant entry into commodities for

4don MSN

Tether swaps more than 2 billion USDT to the Ethereum network

Stablecoin firm Tether revealed that a large exchange has requested the cross-chain transfer of more than 2 billion USDT to ...

Forbes1h

How To Buy USD Coin (USDC)?

USD Coin (USDC) is a stablecoin designed to keep a constant one-to-one value with the U.S. dollar. Stablecoins like USDC aren’t seen as investments; they offer liquidity for crypto traders looking ...

Internet of People7d

Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us

The CEO of Tether has ended rumors about a Tether Chain, stating that it’s “not planning to build an official blockchain at ...

11d

Could Trump’s World Liberty stablecoin compete with Tether and USDC?

World Liberty Financial, Donald Trump’s crypto venture, aims to launch a US dollar-backed stablecoin, joining Tether and USDC ...

10d

Stablecoin Issuer Tether Says Third-Quarter Profit Was $2.5 Billion

Tether Holdings Ltd., the British Virgin Islands-incorporated operator of the largest stablecoin, said it posted net profit ...

Internet of People10d

Tether increases its Bitcoin and gold holdings to $4.8B and $5B respectively

Tether's Bitcoin holdings have reached an impressive $4.8 billion, while its gold reserves now stand at $5 billion in Q3 2024 ...

The Tech Report13d

Tether CEO Supports $BTC Strategic Reserve, Says Stablecoin Issuers Are Looking in the Wrong Direction

Tether CEO Paolo Ardoino supports the idea of a $BTC strategic reserve and thinks that stablecoin issuers should focus on the ...

cryptonews9d

Tether to Launch Its Dirham-Pegged Stablecoin on TON Blockchain

Tether is launching its Dirham-pegged stablecoin on TON Blockchain, according to Alessandro Giori, senior strategic ...

Crypto News Flash2d

Best Crypto Coins to Buy Now to Generate 100x Wealth by 2025: 7 Picks

As cryptocurrency adoption continues to rise, Tether’s role in enabling stable transactions and safeguarding value is set ...

2don MSN

Canadian police praise Tether for 'swift' recovery of stolen funds

Canadian law enforcement officials have thanked Tether for assisting in freezing stolen USDt, which has been returned to the ...

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