Tether never misses a beat #TradeFiRevolution

According to Odaily, Tether's CEO Paolo Ardoino has announced the launch of TradeFi, a new service aimed at enhancing global trade through innovative financing solutions. This addition expands Tether's growing portfolio, which already includes stablecoins, asset tokenization, and wallet development tools. TradeFi is designed to streamline international trade by offering cost-reducing and efficiency-boosting financing solutions. The platform will facilitate the trading of major commodities such as crude oil and copper, utilizing USDT for seamless settlement. Tether's website states, "With the support of blockchain technology, we are simplifying trade processes, reducing costs, and promoting financial inclusion across industries and borders." The launch of TradeFi follows Tether's initial crude oil transaction last November, where the company financed a $45 million deal involving 670,000 barrels of oil in the Middle East. While details of the participating companies were not disclosed, Ardoino described this as the first step in a broader strategy to support more commodities and industries.