#TradeFi革命 #TradeFi革命 TradeFi is a new service launched by Tether, aimed at facilitating global trade through innovative financing solutions. The platform utilizes blockchain technology to streamline and optimize international trade processes, focusing primarily on reducing costs and increasing efficiency. TradeFi expands Tether's product portfolio by supporting the trading of major commodities such as crude oil and copper, and enabling seamless settlement using USDT. This service was launched after Tether's first crude oil trade last November, showcasing the company's ongoing innovation and expansion in the financial services sector ❶ ❷.
Specifically, the operation of TradeFi involves applying blockchain technology to the trade financing sector to enhance transaction transparency and efficiency. This includes using the stablecoin USDT to simplify cross-border payment and settlement processes, as well as achieving decentralization and automation of transactions through the blockchain platform. Such a system design aims to reduce redundant steps and costs associated with traditional trade financing, while increasing transaction speed and security.