Tether’s investment division finances $45M crude oil trade in Middle East with USDT
Tether's division used USDT for a $45M crude oil trade, marking a key move in the $10T trade finance market expansion.
Tether Advances Into Crude Oil Market With $45 Million Deal in USDT
Tether completed its first crude oil transaction in the Middle East, marking its entry into the commodities market.
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 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 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.
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.
Forbes1h
USDT Vs. USDC: Complete Guide November 2024?
These tokens are collectively known as stablecoins. USDT and USDC are the major stablecoins in the cryptocurrency universe. Tether USDT and Circle USDC are stablecoins. They aim to maintain a ...
The Thaiger5h
4 foreign suspects arrested for extorting 250,000 USDT from Ukrainian man
Phuket police arrested four foreign suspects who allegedly extorted 250,000 USDT, or about 8.5 million baht, from a Ukrainian victim.
Cryptopolitan on MSN4d
Tether moves USDT from smaller chains to Ethereum version in planned chain swap
Tether (USDT) will be moved from several chains in a chain swap event. The biggest transfer will be of 1B USDT from TRON to ...
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 ...
AMBCrypto7d
Toncoin’s USDT holdings surpass $1B after 670% surge – Impact on TON’s Price
“I expect USDT supply to expand to $200 billion (from current $120B) during the bull rally. This growth will likely drive ...
Crypto Briefing2d
HashKey Global announces support for TRC-20 USDT and TRX
HashKey Global supports TRC-20 USDT integration and TRX, enhancing trading and transaction efficiency on the TRON network.
coinspeaker2d
Upbit Launches DRIFT Token Trading, Offering Pairs with KRW, BTC, and USDT
Upbit announced trading support for DRIFT on its platform, letting users trade the token against the Korean Won, Bitcoin, and ...
Bangkok Post2d
Is USDT used for money laundering?
USDT, commonly known as Tether, is a cryptocurrency often probed for use in money laundering, especially in Asian and ...