Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal
Tether said its investment arm financed 670,000 barrels of Middle East crude oil worth $45 million. The issuer of the USDT stablecoin wants to play a role in the crucial $10 trillion global trade finance industry.
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.
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.
Forbes2h
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 ...
decrypt4h
Ukrainian Man Falls Victim to $250,000 Crypto Robbery in Thailand
The attack comes just a week after a Devcon attendee was robbed in Bangkok, prompting the crypto conference to issue 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.
BexBack Launches Double Deposit Bonus and Adds BTC, ETH, USDT, XRP Deposit Options
HONG KONG, HK, November 11th, 2024, ChainwireLeading cryptocurrency derivatives exchange BexBack has launched a 100% deposit ...
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 ...
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 ...
Bitcoin’s rise to $81,000 may trigger rally in ETH, SOL, SUI, AAVE
Bitcoin’s strong weekend rally to $81,000 could add more fuel to the current price action in ETH, SOL, SUI, and AAVE.
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 ...
coinspeaker3d
Binance Adds XRP and DOGE to Smart Arbitrage Program with 45,000 USDT Reward Pool
Binance adds XRP and DOGE to its Smart Arbitrage program, with a 45,000 USDT reward pool for subscribers. Participants can earn a 10% APR on investments between 1 to 2,500 USDT. The promotion runs ...