Tether makes its 1st oil trade in Middle East

Tether Funds First Oil Trade for Major Producer in Middle East
Stablecoin issuer Tether said it completed the funding of its first crude oil transaction in the Middle East as part of a plan to become a lender in commodities trading.
Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal
The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.
Tether’s Investment Arm Announces Completion of Funding for Middle Eastern Crude Oil Trade
Tether's Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader.
Tether Completes First USDT-Based Crude Oil Transaction in Middle East
Tether has completed its first USDT-backed crude oil transaction in the Middle East, valued at $45 million, marking a significant expansion into commodities trading. USDT Stablecoin issuer Tether said on November 8 that it completed funding its first crude oil transaction in the Middle East.
Tether Ventures into Middle Eastern Oil Market with $45M Crude Shipment, Signaling Fintech Power Shift
Tether, issuer of the USDT stablecoin, has financed its first major crude oil transaction in the Middle East, moving 670,000 barrels valued at $45 million. This marks a significant entry into commodities for
Tether makes its first oil trade in Middle East
Tether has made the funding for the first time for crude oil transactions in the Middle East. This action is part of stablecoin’s issuer’s bigger plan to expand its business in the world of commodity trading.
Punchng on MSN15h
Tether’s $1 Billion Mint Raises Excitement For SOL Ecosystem – But Could Script Network (SCPT) Be The Better Play?
As Tether mints another $1 billion USDT, the crypto market is witnessing a renewed surge in liquidity, sparking increased ...
coinspeaker13d
Tether CEO Discloses Reserves in Gold and BTC Soon after Latest Allegations
Tether CEO Paolo Ardoino revealed the company's extensive reserves, including $5.58 billion in Bitcoin, $3.87 billion in gold ...
India Currents on MSN9h
A Familial Tether: The History of Burning
Pirbhai—contemplating departure from a Gujarati village at the end of the 19th century when the British still ruled India and ...
Internet of People6d
Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us
The CEO of Tether has ended rumors about a Tether Chain, stating that it’s “not planning to build an official blockchain at ...
CoinDesk on MSN13d
Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'
But the leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international ...
Tether rebuffs claims of U.S. probe into money laundering
The news outlet alleged last week that Tether was being investigated by the Treasury Department and New York’s U.S.
Stablecoin Issuer Tether Says Third-Quarter Profit Was $2.5 Billion
Tether Holdings Ltd., the British Virgin Islands-incorporated operator of the largest stablecoin, said it posted net profit ...
cryptonews6d
Tether Drops Plan To Build an Official Blockchain As of Now: CEO
Tether is not planning to build an official blockchain at this time, as "neutrality is very important," says CEO Paolo ...
Tether swaps more than 2 billion USDT to the Ethereum network
Stablecoin issuer Tether announced it was conducting a large cross-chain swap of more than 2 billion Tether-USD (USDT) from ...