Tether Holdings plans to significantly expand its commodities financing operations following an initial deployment of approximately $1.5 billion into the sector. The stablecoin issuer will provide loans in both USD and USDT to traders dealing in oil, cotton, wheat, and other agricultural products. CEO Paolo Ardoino stated the company has been extending credit and described the team as "super bullish" on expansion.

Bitcoin dropped 2.5% to $103,952 on Tuesday as investors pulled back from risk assets amid mounting concerns over artificial intelligence stock valuations. Ether declined 2.5% to $3,503, bringing its two-day losses to over 10%. A $100 million security breach at Ethereum-based protocol Balancer added to selling pressure.