According to Bloomberg, Tether is discussing dollar lending opportunities with several companies. Tether’s USDT has been used as a tool to circumvent the dollar in sanctioned countries such as Venezuela and Russia, and may be used for more mainstream commodity trading.
Commodity trading companies rely on lines of credit to keep goods moving. Tether’s financing is not subject to the strict regulatory conditions of traditional loans and could speed up payments and transactions.
Tether CEO Ardoino said the company is exploring different commodity trading possibilities and there are huge opportunities in the future. Tether has formed a team to develop trade finance opportunities and participated in industry events in Geneva and London in September.
Tether’s investment arm evaluates hundreds of projects each month, with a focus on alternative financial infrastructure, artificial intelligence, and biotechnology in emerging markets.
