On February 20, Tether CEO Paolo Ardoino announced the launch of TradeFi, a new service designed to promote global trade through innovative financing solutions.

TradeFi expands Tether’s growing product portfolio, which already includes stablecoins, asset tokenization, and wallet development tools. This latest service aims to simplify international trade by providing financing solutions that reduce costs and increase efficiency. The platform will facilitate trading in major commodities such as crude oil and copper, while using USDT for seamless settlement.

The Tether website shows: “Powered by blockchain technology, we are simplifying trade processes, reducing costs, and promoting financial inclusion across industries and borders.” The launch of TradeFi follows Tether’s first crude oil transaction in November last year. The company provided funding for a $45 million transaction in the Middle East involving 670,000 barrels of oil.

More Information available in: https://cooldragon.io/