Tether’s trade finance division funds first oil deal via USDT

Tether leveraged its USDT stablecoin to fund a $45 million crude oil transaction in the Middle East through its trade finance division, marking the first such deal in the region. According to a Tether statement, the deal consisted of 670,000 barrels of crude oil and involved a publicly traded oil “super-major” and a “top-tier commodity […] The post Tether’s trade finance division funds first oil deal via USDT appeared first on CryptoSlate.