Tether Enters the Commodities Market

Tether, known as the issuer of the most popular stablecoin USDT, has begun talks with commodity market traders about offering them credit lines. According to Bloomberg, several meetings with representatives of large firms have already taken place, though their names have not been disclosed.

USDT in commodity trading: benefits

Discussions also touched on how USDT can be used in commodity trading. For traders, this could become a favorable alternative due to the absence of complex regulatory barriers that often delay the financing process.

Using a stablecoin could significantly speed up transactions and reduce reliance on traditional banking services./p>

Market prospects and Tether’s comments

Tether CEO confirmed that the company is indeed in talks with various market players. However, the exact amount of investments in commodity trading remains undisclosed. "We continue to explore new opportunities and determine the best strategy for this sector," Ardoino said.

Tether’s intent is serious: the company has created a dedicated team focused exclusively on this direction. Its representatives participated in industry conferences in September 2024, further confirming their active preparation for entering new markets.

Profits and further development

In the first half of 2024, Tether’s profits amounted to $5.2 billion, allowing the company to seek new avenues for growth and expand its influence. If the negotiations are successful, these funds could serve as a powerful injection into the commodities market.

Previously, WSJ reported that USDT has already become popular among countries under sanctions, referring to it as the “incognito dollar.”