Tether introduced TradeFi, an innovative service that aims to improve global trade by leveraging new financing options.
On Feb. 19, the company’s CEO, Paolo Ardoino, shared the announcement on X, emphasizing that TradeFi will address the financial needs of modern commerce.
TradeFi expands Tether’s growing product portfolio, which already includes stablecoins, asset tokenization, and wallet development tools.
This new service will simplify international trade through funding solutions which reduce costs and enhance efficiency. The platform is designed to facilitate trade in commodities, such as crude oils and copper. It will also leverage USDT in order to provide seamless settlements.
According to Tether’s website:
“Backed by blockchain technology, we’re streamlining trade flows, reducing costs, and driving financial inclusivity across industries and borders.”
TradeFi’s launch follows Tether’s first crude oil transaction last November. The deal, which covered 670,000 barrels and cost $45 million in the Middle East was financed by TradeFi.
Ardoino said that while the names of the companies involved are not known, it is the first in a larger strategy designed to help more industries and commodities.
Tether Investment Expansion
Tether is expanding beyond stablecoins and making strategic investments across diverse industries.
In the last year, the firm has moved from being an issuer of stablecoins to becoming a stakeholder across multiple industries, including artificial intelligence, farming, and Bitcoin mining.
This led to the company investing in Juventus, a sports club from Italy. It also proposed a purchase of a 51 percent stake in Adecoagro SA AGRO, a NASDAQ-listed agribusiness.
A Tether spokesperson told CryptoSlate that these moves align with the firm’s broader strategy of diversifying investments beyond digital assets into tangible, long-term value sectors.
Tether remains the dominant stablecoin despite this wider focus. Its flagship product, USDT, holds a market capitalization exceeding $140 billion, securing around 70% of the industry’s market share.
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Oluwapelumi Adejumo
Oluwapelumi believes in the potential of Bitcoin. He gives insights into a variety of topics, including DeFi hacks, culture and mining, while highlighting its transformative potential.
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Liam ‘Akiba’ Wright
Also known as “Akiba,” Liam Wright hosts the SlateCast and is Editor-in chief at CryptoSlate. He thinks that technology decentralized has the ability to create positive and widespread change.
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