TL;DR Tether has completed its first USDT crude oil transaction in the Middle East, financing 670,000 barrels of oil worth $45 million. The operation strengthens the company's role in global trade financing. Its Tether Trade Finance division offers modern and accessible solutions.

Tether's investment division completes its first Middle Eastern crude oil transaction.

The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem.

Completed in October 2024, the deal facilitated the transport of 670,000 barrels of crude oil and marked Tether's entry into the commodity trading market.

Tether's investment division successfully funded its first crude oil transaction in the Middle East. The transaction, involving a leading publicly traded oil super-major and a top-tier commodity trader, facilitated the transport of 670,000 barrels of Middle Eastern crude oil, valued at approximately $45 million.

The deal is structured as a “short-term product prepayment,” with the stablecoin issuer set to receive both the principal amount and interest.

Key Points:

Tether Investments, a trading and investing arm of stablecoin ecosystem Tether, just finalized its first-ever crude oil purchasing transaction. The company demonstrates more ambition in the commodities and real-world asset (RWA) trading spheres.

Tether has finalized its first funding transaction in a Middle East crude oil investment, expanding the crypto company's ventures beyond its flagship digital assets product.

Tether's division used USDT for a $45M crude oil trade, marking a key move in the $10T trade finance market expansion. The post Tether's investment division finances $45M crude oil trade in Middle East with USDT appeared first on Crypto Briefing.

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Tether reallocates $2 billion USDT to Ethereum, highlighting strategic liquidity moves and reaffirming its market dominance amid shifting blockchain demands.

Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a procedure used to transfer cryptocurrency between blockchains.

The role of Ethereum in the stablecoin market is growing again.

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Binance launches a promotion offering up to 7 days of interest-free loans for users borrowing USDT, FDUSD, or USDC through team formation.

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The two leading stablecoins are seeing increased inflows into centralized exchanges, suggesting a potential buying spree. According to data provided by IntoTheBlock, Tether (USDT) saw its exchange net flows rise from a net outflow of $43 million on Nov.

The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator of the capability of the emerging dynamic duo.

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Reports indicate that Tether's USDT, the largest stablecoin globally by market capitalization, may be experiencing increased adoption in countries facing sanctions.

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Thai law enforcement has reportedly arrested seven police officers and one civilian accused of staging a false domestic search that involved the attempted extortion of 10 million USDT from a victim.

Tether's execs are refuting the latest episode of FUD in the crypto-community today.

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Paolo Ardoino, the chief executive officer of Tether, said Tether has no plans of building a an official blockchain ‘at this time' after hearing rumors of Tether Chain. In an X post on Nov.

TL;DR Paolo Ardoino has clarified that Tether is not planning to build an official blockchain, emphasizing the importance of maintaining neutrality and supporting USDT integration across various networks. Tether continues to expand and introduce new products, including a Dirham-pegged stablecoin on the TON blockchain while remaining blockchain-agnostic to focus on security and sustainability.

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Tether is not planning to build an official blockchain at this time, as "neutrality is very important." The post Tether Drops Plan To Build an Official Blockchain As of Now: CEO appeared first on Cryptonews.

TON's exceptional stablecoin growth hasn't stirred its price chart performance. Not yet.

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The world's largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations.

Thai authorities have arrested six police officers and one civilian for using a fake warrant to stage an arrest and extort 165,000 USDT from an expat. The victim, a Chinese-Vanuatu national, filed a complaint along with his wife and other family members at a Bang Sue police station.

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Thai investigators arrest six police officers for their alleged role in a $10 million USDT extortion case.

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On Thursday, Tether (USDT), the world's largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC). Total Tether Assets Reach All-Time High Conducted by accounting firm BDO, the report highlights Tether's growth, with a net profit of $2.5 billion for Q3, contributing to a consolidated profit of $7.7 billion for the first nine months of 2024.