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

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.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: IndiaUnited Arab Emirates

Topics: Tether USDT Stablecoin News Tether 24/7 Cryptocurrency News Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:59:06 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23472030

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News Last Updated: 8 hours ago

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