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Tether May Start Lending

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🏦 Tether May Start Lending

Word On The Street: Tether is exploring opportunities to lend to commodities trading companies as part of its strategy to deploy billions of dollars in profits.
The details:
Tether has been in talks with several commodities trading firms regarding the possibility of providing United States dollar-denominated loans.
Specifically, the stablecoin issuer may play a role in facilitating mainstream commodities trades.
This could mark a significant expansion for Tether, whose USDt stablecoin is primarily used in cryptocurrency markets for trading and as a medium of exchange.
Why it matters: As Tether continues to expand its financial operations, its potential involvement in commodities lending could signal a broader shift toward traditional finance, as the company seeks to diversify its revenue streams.
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