Tether Allocates $1.5 Billion to Commodity Trade Finance

Tether has deployed approximately $1.5 billion in commodity trade financing across oil, cotton, wheat, and agricultural markets. CEO Paolo Ardoino announced on November 14 the company's plan to expand lending operations using both U.S. dollars and USDT. The initiative is backed by nearly $200 billion in reserves including U.S. Treasury bills and gold.