Tether to expand lending business by offering approximately 1.5 billion USD in credit to commodity traders

Tether aims to boost its lending business by providing approximately 1.5 billion USD in credit to commodity traders. This move will enhance funding specifically in oil, cotton, wheat, and other agricultural sectors.

The lending operations will utilize both US dollars and Tether’s stablecoin USDT. This initiative is part of Tether’s trade finance division, which functions independently from its reserves that total nearly 200 billion USD.