Tether CEO Paolo Ardoino announced at X the launch of TradeFi, a new service designed to facilitate global trade through innovative financing solutions.
TradeFi expands Tether's growing portfolio, which already includes stablecoins, asset tokenization, and wallet power builder. This latest service aims to streamline international trade by providing financing solutions that reduce costs and increase efficiency. The platform will facilitate trading of major commodities such as crude oil and copper, while leveraging USDT for seamless settlement.
"Powered by blockchain technology, we are streamlining trade processes, reducing costs and driving financial inclusion across industries and across borders," according to Tether's website. The launch of TradeFi follows Tether's first crude oil trade in November. The company funded a $45 million deal in the Middle East involving 670,000 barrels of oil.
Tether Launches Innovative Financing Solution TradeFi
2025-02-20 02:47:39
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