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Tether makes its 1st oil trade in Middle East
Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal
The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.
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.
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 $45 million. This marks a significant entry into commodities for
Tether makes its first oil trade in Middle East
Tether has made the funding for the first time for crude oil transactions in the Middle East. This action is part of stablecoin’s issuer’s bigger plan to expand its business in the world of commodity trading.
The Daily Hodl
3d
Kraken Joins Forces With Robinhood and Other Crypto Firms To Roll Out Global Dollar Stablecoin
The stablecoin issuer Paxos partnered with the crypto exchange Kraken, the retail trading giant Robinhood and a handful of ...
cryptoglobe
4d
Several Major Crypto Firms Launch a New Dollar-Pegged Stablecoin Project ($USDG)
Seven leading crypto companies introduce USDG, a new Singapore-based regulated stablecoin. Trading begins on major platforms ...
1d
on MSN
Trump’s return could herald a ‘crypto golden age’ says CEO of stablecoin firm Paxos
The Trump campaign "had a real crypto theme," Charles Cascarilla said at the Singapore Fintech Festival on Friday.
Crypto Briefing
1d
Hong Kong trials anonymous KYC to enable stablecoin access for Chinese residents
Hong Kong's anonymous KYC trial enables mainland Chinese to access stablecoins, blending privacy with compliance in ...
cryptopolitan
4d
Seven crypto giants launch Global Dollar (USDG) to accelerate stablecoin adoption
The USDG will use nearly 100% of the revenue generated from its reserve assets to reward network partners rather than the ...
9d
Stablecoin Issuer Tether Says Third-Quarter Profit Was $2.5 Billion
Tether Holdings Ltd., the British Virgin Islands-incorporated operator of the largest stablecoin, said it posted net profit ...
10d
Could Trump’s World Liberty stablecoin compete with Tether and USDC?
World Liberty Financial, Donald Trump’s crypto venture, aims to launch a US dollar-backed stablecoin, joining Tether and USDC ...
Crypto Briefing
5d
Robinhood and Kraken launch new global stablecoin network with Paxos's USDG
Robinhood, Kraken, and Paxos launch the Global Dollar Network with USDG, a compliant stablecoin offering yield incentives for ...
2d
BNB Chain Extends Gas-Free Campaign For Stablecoin Transfers
Duabi, UAE, November 7th, 2024, ChainwireExpanded gas-free promotion across top CEXs, Wallets, and Bridges provides extended ...
blockonomi
4d
USDG: Global Dollar Network Launches Singapore-Based Stablecoin with Robinhood, Kraken Partnership
Seven major crypto companies launched USDG, a Singapore-based stablecoin that will share 97% of reserve earnings with network ...
Internet of People
5d
Paxos Issues New Yield-Bearing Legally Compliant Stablecoin
Paxos issued a new stablecoin, the Global Dollar (USDG), which is legally compliant with Singapore’s monetary laws. Unlike ...
thecurrencyanalytics
20h
Binance and Coinbase See $9.3B Stablecoin Inflow Amid Bull Run Surge
Binance and Coinbase experience a massive $9.3B stablecoin inflow, signaling increased liquidity and a potential continuation ...
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