TL;DR
- Tether has launched TradeFi, a blockchain-based platform aimed at improving global trade through financing solutions.
- TradeFi promotes financial inclusion and integrates industries by reducing costs and increasing efficiency in sectors like crude oil and copper.
- The company has diversified its investments into sectors like artificial intelligence, agriculture, and Bitcoin mining, while maintaining its dominance in the stablecoin market.
Tether has launched TradeFi, a new platform designed to improve global trade through blockchain-based financing solutions.
This service aims to optimize international transactions by reducing costs and enhancing efficiency in sectors like crude oil and copper. Through TradeFi, Tether will use its stablecoin, USDT, to facilitate payment settlements, enabling a smoother and faster experience in global trade.
Promoting Global Financial Inclusion
TradeFi complements Tether’s existing offerings, which already include stablecoins, asset tokenization, and wallet development tools. With this new service, the company aims to meet the needs of international trade, providing solutions that promote financial inclusion. According to the company, this initiative will allow for greater integration across industries.
This launch follows a recent transaction in which Tether financed a $45 million deal for the purchase of 670,000 barrels of oil in the Middle East. While details of the companies involved have not been disclosed, the company’s CEO, Paolo Ardoino, highlighted that this transaction marks the beginning of a plan to expand services to other commodities and sectors.
Tether Makes Strong Moves Across Various Industries and Sectors
In addition to launching innovative tools like TradeFi, Tether seeks to expand its reach as far and profitably as possible. Over the past few years, the company has begun making strategic investments across various sectors such as artificial intelligence, agriculture, and Bitcoin mining. As part of this expansion, the firm has also acquired a stake in Juventus, the Italian football club, and is considering buying a significant stake in the agribusiness company Adecoagro.
Thanks to its expansion strategy, the firm remains the undisputed leader in the stablecoin market. USDT holds a market capitalization exceeding $140 billion and represents around 70% of the global stablecoin market
