tether usilivaet politiki po blokirovke koshelkov

Tether’s investment division financed a $45 million crude oil supply deal in USDT, as stated in the company’s press release.

The transaction, which involved 670,000 barrels, was conducted by an unnamed “major” Middle Eastern oil company in collaboration with a commodity trader in October.

The intermediary in the deal was Tether Trade Finance, a branch of the investment arm Tether Investments, which is separate from the stablecoin reserves and uses the parent company’s capital.

“With USDT, we bring efficiency and speed to markets that have historically relied on slower and more expensive payment structures. This deal marks the beginning as we aim to support a broader range of goods and industries, fostering greater inclusivity and innovation in global finance,” said Paolo Ardoino, CEO of Tether.

While this deal is a “first of its kind,” it opens new opportunities for lending across various sectors, the company emphasized.

Tether’s plans to enter commodity markets were first revealed in October. In June, Ardoino announced intentions to allocate over $1 billion to invest in startups from “a hundred venture proposals.”

It’s worth noting that in Q3, the USDT issuer reported a net profit of $2.5 billion, with a total of $7.7 billion in profits so far this year.