Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Tether: So far, it has issued $1.5 billion to expand commodity trade financing, exploring a new model of stablecoin + physical assets.

According to ChainCatcher news, as reported by Cointelegraph, Tether Holdings SA announced that it has deployed approximately $1.5 billion in credit lines to the commodity trade finance sector and plans to “significantly expand” this business. The company stated that it will utilize its asset reserves, which amount to nearly $200 billion, to provide loans in the form of USD and its stablecoin USDT, covering commodity trading such as oil, cotton, and wheat. This move is seen as Tether's strategic transformation from a single stablecoin issuer to a comprehensive platform of “digital assets + trade finance,” which may promote further integration of stablecoins with traditional physical assets.

View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)