Tether Investment Division Facilitates Crude Oil Trade in Middle East: Details

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The story "Tether Investment Division Facilitates Crude Oil Trade in Middle East: Details" was covered 2 weeks ago by CoinGape, a news publisher based in India.

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Tether Investment Division Facilitates Crude Oil Trade in Middle East: Details - CoinGape

Quick Summary:

The transaction, involving a leading publicly traded oil super-major and a top-tier commodity trader, facilitated the transport of 670,000 barrels of Middle Eastern crude oil, valued at approximately $45 million.

Tether’s investment division successfully funded its first crude oil transaction in the Middle East.

Recently, Tether’s CEO Paolo Ardoino clarified a 2 billion USDT minting on the Ethereum blockchain, part of its liquidity management strategy.