Tether Funds 1st Oil Trade for Major Producer in Middle East

Tether expands into oil trading with $45M transaction
Stablecoin issuer Tethe has debuted on the commodities market by financing a $45 million crude oil transaction. According to a Nov. 8 announcement, the deal involved a publicly traded oil company and a commodity trader.
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 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’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 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 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 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 MSN1d
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 ...
financefeeds2d
Tether dives into $10T trade finance sector with major oil transaction
Stablecoin giant Tether has entered the trade finance sector by funding a $45 million crude oil transaction between a major ...
Internet of People7d
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 ...
cryptopolitan7d
Tether is not planning to build a blockchain, says CEO Paolo Ardoino
Tether CEO Paolo Ardoino shut down rumors of a Tether blockchain, declaring, “Tether is not planning to build an official ...
cryptoglobe10d
Tether Reports $2.4 Billion Q3 Profits on Treasuries and Gold Gains, Sees Global USDT Growth
Tether’s Q3 results reveal $2.4B in profits from treasury and gold investments, along with a 30% USDT market cap boost, driven by adoption in emerging markets.
Hosted on MSN12h
'My mouldy damp bungalow is wrecking my health, clothes and handbags - I'm at the end of my tether'
A council tenant says she is "at the end of my tether" after suffering problems with damp and mould at her bungalow in ...
India Currents on MSN1d
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 ...