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.

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.

The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.

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.

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.

Tether has entered the oil trading market with a $45 million deal financing 670,000 barrels of Middle Eastern crude oil, marking its expansion from cryptocurrency into traditional commodity trading.

Tether has made the funding for the first time for crude oil transactions in the Middle East. This action is part of stablecoin's issuer's bigger plan to expand its business in the world of commodity trading.

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.

The giant of digital assets finances a historic operation of 670,000 barrels worth 45 million dollars

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.

Nigerian authorities have fined two crypto firms $30,000 for conducting USDT to naira transactions without a license.

Upbit lists the DRIFT token, allowing traders to trade it against KRW, BTC, and USDT, boosting options and visibility for Drift ecosystem.

DOGE and XRP were added to Binance Smart Arbitrage during a strong crypto market.

Tonhub Visa card users can pay directly with $TON or $USDt balances, and it supports SEPA, SWIFT, Apple Pay, and Google Pay.

Binance's Smart Arbitrage now supports XRP and DOGE, with a promotional campaign offering 45,000 USDT in rewards. Participants can earn bonus APR and trading fee rebates.

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.

The fear of further cryptocurrency selloff in the near term has significantly diminished as Bitcoin (BTC) price closed the daily candle above $75.6k for the first time since its inception.

The vast majority of Tether's USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality.

Tether's CEO, Paolo Ardoino, recently commented on the latest on-chain data provided by Whale Alert. According to the data, the Tether Treasury added a total of 2 billion USDT newly minted on Ethereum in a single transaction.

Tether (USDT) will be moved from several chains in a chain swap event. The biggest transfer will be of 1B USDT from TRON to Ethereum.

Tether CEO Paolo Ardoino has dismissed rumors of the company creating its own blockchain, asserting that Tether will focus on integrating its stablecoin, USDT, across various networks to support decentralized applications.

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

Tether (USDT) transfers have emerged as the leading source of activity on Toncoin. After a brief airdrop period, the network has returned to its usual pattern of value transfers across apps and DeFi hubs.

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.

Leading crypto firms including Paxos, Kraken, Galaxy Digital, and Robinhood announced the formation of the Global Dollar Network to enhance stablecoin adoption globally.

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

Tether, the world's largest stablecoin, is witnessing an increased utilization of its USDT token in countries that are currently facing international sanctions, such as Russia and Iran. According to a recent report from Bloomberg, which draws on data from blockchain analytics firm Chainalysis, this trend is particularly evident in major urban centers across Eastern Europe, the Middle East, and Africa.

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.

The Open Network (TON) Society cofounder Jack Booth talked to CryptoNews at The Gateway event in Dubai about Telegram retaining privacy features and the use case for Tether's Dirham-Pegged Stablecoins. The post TON Society Co-Founder Talks Telegram Privacy and Tether's Dirham-Pegged Stablecoins appeared first on Cryptonews.

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.

Tether CEO Paolo Ardoino has dismissed recent speculation about the company's plans to launch a proprietary blockchain network. In a Nov. 3 post on X, Ardoino clarified that Tether does not intend to create its blockchain.

Toncoin (TON) has seen its USDT holdings surpass the $1 billion mark following an astounding 670% surge in just six months. This achievement places the Telegram-linked blockchain among the top ten networks in terms of stablecoin dominance, just below Ethereum's Optimism.

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.