Tether’s Trade Finance Arm Facilitates $45 Million Crude Oil Deal
- Tether’s entry into trade finance disrupts traditional global transaction systems.
- USDT streamlines cross-border trade, offering faster, cost-effective payment solutions.
- Tether expands trade finance to diverse sectors, enhancing global market inclusivity.
Tether has stepped into the global trade sector by financing a high-profile crude oil transaction in October 2024 through its investment division, marking Tether’s first transaction in the Middle East.
The deal included the loading and shipment of 670,000 barrels of crude oil, valued at roughly $45 million, between a publicly traded oil super-major and a top-tier commodity trader.
Expanding Tether’s Role in Global Trade Finance
Tether’s Trade Finance was launched earlier this year to tap into the $10 trillion trade finance industry. Tether’…
The post Tether’s Trade Finance Arm Facilitates $45 Million Crude Oil Deal appeared first on Coin Edition.
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Tether’s Trade Finance Arm Facilitates $45 Million Crude Oil Deal
- Tether’s entry into trade finance disrupts traditional global transaction systems.
- USDT streamlines cross-border trade, offering faster, cost-effective payment solutions.
- Tether expands trade finance to diverse sectors, enhancing global market inclusivity.
Tether has stepped into the global trade sector by financing a high-profile crude oil transaction in October 2024 through its investment division, marking Tether’s first transaction in the Middle East.
The deal included the loading and shipment of 670,000 barrels of crude oil, valued at roughly $45 million, between a publicly traded oil super-major and a top-tier commodity trader.
Expanding Tether’s Role in Global Trade Finance
Tether’s Trade Finance was launched earlier this year to tap into the $10 trillion trade finance industry. Tether’…
The post Tether’s Trade Finance Arm Facilitates $45 Million Crude Oil Deal appeared first on Coin Edition.
Read More
Binance Moves $3B Daily in USDT via Tron, Dominating Global Transfers