Tether Finances $45 Million Oil Deal

Reading Time: 2 minutes Tether has entered the oil trade by financing a $45 million crude oil deal The company's stablecoin, USDT, has been used to facilitate cross-border energy transactions This move marks Tether's first involvement in the physical commodities market, particularly in the Middle East Stablecoin giant Tether has funded a $45 million crude oil transaction, entering the energy sector for the first time.

Nov 11, 2024 - 10:20
Tether Finances $45 Million Oil Deal
StablecoinReading Time: 2 minutes Tether has entered the oil trade by financing a $45 million crude oil deal The company's stablecoin, USDT, has been used to facilitate cross-border energy transactions This move marks Tether's first involvement in the physical commodities market, particularly in the Middle East Stablecoin giant Tether has funded a $45 million crude oil transaction, entering the energy sector for the first time.

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