Tether to Provide USDT Loans to Commodity Companies

Date: 2024-10-15 Author: Henry Casey Categories: BUSINESS
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Tether is expanding its horizons

USDT, in its ten years of existence, has become one of the most popular stablecoins in the world, especially in emerging economies. Now the company is looking to enter the commodity market by providing loans to those who need financing for trading operations.

Tether's advantage in the commodity markets is its ability to become an alternative to traditional financial institutions. Many companies involved in the production and trading of commodities face problems due to sanctions and difficult lending conditions. Russian metallurgical companies are already using USDT for international payments, which highlights the growing role of Tether in this sector.

The lack of affordable credit is forcing many companies from different countries to look for alternatives. Tether, with its financial capabilities and popularity, can offer more flexible and accessible conditions for commodity traders.

Commodity markets remain extremely profitable, and if Tether successfully implements its project, it will bring significant benefits to the company. Analyst Eric Balchunas noted that the correlation between gold markets and crypto ETFs has increased significantly over the past year. In this context, Tether launched a new digital asset called Alloy, backed by Tether Gold (XAUt), which highlights its interest in commodity markets.

Tether has already begun experimenting with commodity trading. In the past, the company has made deals with Russian metals and Venezuelan oil. However, the lending project is in its early stages. Tether CEO Paolo Ardoino said that details of the planned investments and strategy are not yet disclosed.

Thus, Tether continues to seek new opportunities to expand its services and strengthen its position in global financial markets, drawing attention to innovative ways of using stablecoins in international trade.
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