Tether Funds 1st Oil Trade for Major Producer in Middle East

Tether expands into oil trading with $45M transaction
Stablecoin issuer Tethe has debuted on the commodities market by financing a $45 million crude oil transaction. According to a Nov. 8 announcement, the deal involved a publicly traded oil company and a commodity trader.
Tether Funds First Oil Trade for Major Producer in Middle East
Stablecoin issuer Tether said it completed the funding of its first crude oil transaction in the Middle East as part of a plan to become a lender in commodities trading.
Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal
Tether said its investment arm financed 670,000 barrels of Middle East crude oil worth $45 million. The issuer of the USDT stablecoin wants to play a role in the crucial $10 trillion global trade finance industry.
Tether’s Investment Arm Announces Completion of Funding for Middle Eastern Crude Oil Trade
Tether's Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader.
Tether Advances Into Crude Oil Market With $45 Million Deal in USDT
Tether completed its first crude oil transaction in the Middle East, marking its entry into the commodities market.
Tether Supports $45M Crude Oil Trade With USDT Payments
Tether breaks ground in Middle Eastern oil trade with a $45M USDT-backed transaction, boosting digital finance and UAE’s economic growth.
Tether Ventures into Middle Eastern Oil Market with $45M Crude Shipment, Signaling Fintech Power Shift
Tether, issuer of the USDT stablecoin, has financed its first major crude oil transaction in the Middle East, moving 670,000 barrels valued at $45 million. This marks a significant entry into commodities for
Tether makes its first oil trade in Middle East
Tether has made the funding for the first time for crude oil transactions in the Middle East. This action is part of stablecoin’s issuer’s bigger plan to expand its business in the world of commodity trading.
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