Tether's Trade Finance Division has financed $45 million worth of Middle East crude oil transactions using USDT for the first time they entered the commodity market in the region.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tether's Trade Finance Division has financed $45 million worth of Middle East crude oil transactions using USDT for the first time they entered the commodity market in the region.
This step is a sign of the increasing role of Tether in global trade, utilizing the USDT stablecoin to facilitate payments and enhance efficiency in the $10 trillion trade finance industry.
#HalloweenCountdown: Final chance to enjoy $60,000
#ETH has surged past $3,000—what's next?
#ETH has surged past $3,000—what's next?