Tether just unveiled TradeFi, a game-changer for global trade with innovative financing solutions! 🎩🐇 Imagine trade as smooth as butter—that's Tether's vision. CEO Paolo Ardoino announced on X that TradeFi meets modern commerce's financial needs. It's not just another stablecoin; it simplifies transactions in commodities like crude oil and copper using USDT for seamless settlements. 🛢️💰
TradeFi joins Tether's portfolio, which includes stablecoins and wallet tools. The platform cuts costs and boosts efficiency. Tether's website claims they're streamlining trade flows and driving financial inclusivity with blockchain technology. This follows Tether's first crude oil deal last November. Ardoino hinted at broader support for more commodities. Tether is diversifying into AI, agriculture, and Bitcoin mining, even investing in Juventus. Despite this, Tether dominates the stablecoin market with USDT holding over $140 billion in market capitalization, securing around 70% of the industry’s market share.