Tether Holdings SA plans to expand its commodity loan business, offering USD and USDT credit backed by nearly $200 billion in reserves to finance oil, cotton, wheat, and agricultural trades.
Tether Holdings SA CEO Paolo Ardoino announced the firm will expand its loan business after issuing $1.5 billion in credit to commodity traders. The financing, available in USD and USDT, supports trades in oil, cotton, wheat, and other agricultural products through Tether’s trade finance unit, which operates with reserves approaching $200 billion. This move extends the stablecoin’s role beyond cryptocurrency markets into traditional commodity trade financing.