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news-imageNovember 8, 2024

Tether Completes First USDT-Based Crude Oil Transaction in Middle East

Tether has completed its first USDT-based crude oil transaction in the Middle East, financing a $45 million deal involving 670,000 barrels, as part of its strategy to expand into commodities trading and modernize global trade flows. The post Tether Completes First USDT-Based Crude Oil Transaction in Middle East appeared first on Cryptonews.
Publisher: Cryptonews
Sentiment: Positive
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Tether Introduces Wallet Development Kit for Integrating Bitcoin and USDt Wallets Across Platforms

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cover-imageThe Daily Hodl
November 8, 2024

Tether's Investment Arm Announces Completion of Funding for Middle Eastern Crude Oil Trade

Tether's Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader. In a new announcement, the USDT-stablecoin issuer says that this transaction is Tether Investments' first crude oil transaction in the Middle Eastern region, marking Tether's expanding role in global commodities trading.

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November 8, 2024

Tether helps Canadian police recover stolen crypto

Tether recently assisted the Ontario Provincial Police in recovering $10,000 CAD worth of stolen cryptocurrency. This recovery was achieved through Tether's collaboration with the OPP's Cyber Investigations Team, showcasing the company's commitment to supporting law enforcement in combating cybercrime.

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cover-imageThe Currency Analytics
November 8, 2024

Tether Mints $2B USDT on Ethereum, Moves Funds to Exchanges

Tether, the issuer of the world's largest stablecoin, has recently minted $2 billion worth of USDT on the Ethereum network, while simultaneously reallocating funds across multiple leading cryptocurrency exchanges. This move, coming on the heels of an earlier $1 billion mint on the Tron blockchain, has caught the attention of the crypto community and market analysts.

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cover-imageCrypto Economy
November 8, 2024

Tether Completes First-Ever Oil Deal Worth $45 Million

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.

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cover-imageUToday
November 8, 2024

Tether Suddenly Taps into Crude Oil Market

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.

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