PANews reported on November 15th that, according to Bloomberg, Tether Holdings SA CEO Paolo Ardoino stated in an interview that the company plans to significantly expand its lending business after providing approximately $1.5 billion in credit to commodity traders. The company plans to increase financing for commodity trading, including oil, cotton, wheat, and other agricultural products, and has already issued loans in US dollars and their stablecoin USDT. Tether's commodity lending business is part of its trade finance division, separate from its stablecoin reserves. The company holds nearly $200 billion in reserves and generates substantial revenue from them.PANews reported on November 15th that, according to Bloomberg, Tether Holdings SA CEO Paolo Ardoino stated in an interview that the company plans to significantly expand its lending business after providing approximately $1.5 billion in credit to commodity traders. The company plans to increase financing for commodity trading, including oil, cotton, wheat, and other agricultural products, and has already issued loans in US dollars and their stablecoin USDT. Tether's commodity lending business is part of its trade finance division, separate from its stablecoin reserves. The company holds nearly $200 billion in reserves and generates substantial revenue from them.
Tether plans to significantly expand its lending business, providing approximately $1.5 billion in credit to commodity traders.
PANews reported on November 15th that, according to Bloomberg, Tether Holdings SA CEO Paolo Ardoino stated in an interview that the company plans to significantly expand its lending business after providing approximately $1.5 billion in credit to commodity traders. The company plans to increase financing for commodity trading, including oil, cotton, wheat, and other agricultural products, and has already issued loans in US dollars and their stablecoin USDT.
Tether's commodity lending business is part of its trade finance division, separate from its stablecoin reserves. The company holds nearly $200 billion in reserves and generates substantial revenue from them.
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