Tether: So far, $1.5 billion has been invested to expand commodity trade financing, exploring a new model of stablecoins plus physical assets.
ChainCatcher news, according to Cointelegraph, Tether Holdings SA has announced that it has deployed approximately $1.5 billion in credit lines to the commodity trade financing sector and plans to "significantly expand" this business.
The company stated that it will leverage its nearly $200 billions in asset reserves to provide loans in the form of US dollars and its stablecoin USDT, covering commodity trades such as oil, cotton, and wheat. This move is seen as a strategic transformation for Tether from a single stablecoin issuer to a comprehensive "digital asset + trade finance" platform, and may further promote the integration of stablecoins with traditional physical assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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