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Binance and the Delhi Police have dismantled a $100,000 scam, which misled investors with false claims tied to India's renewable energy initiatives.

TL;DR Tether's Strategic Shift: Tether is exploring lending opportunities in the commodities trading sector, aiming to provide quicker and more flexible funding options compared to traditional financial institutions. Addressing Financing Challenges: The initiative targets smaller commodity traders who struggle to secure credit, potentially streamlining payments and trades, and providing much-needed liquidity.

Tether, the company behind the USDT stablecoin, is exploring expansion into commodities trading and traditional finance while continuing to grow its core stablecoin business.

The firm has engaged in talks with various commodity traders about providing US dollar lending options.

The CEO Paolo Ardoino stated that it is an evaluation of opportunity.

Stablecoin USDT issuer Tether Holdings is considering lending to commodities trading firms, and the explorations are “in early stages.”

Tether Holdings Ltd. is considering lending to commodity trading firms to diversify investments and utilize profits for growth in the financial sector.

Credit lines are a lifeline for smaller commodity dealers. It is difficult for smaller companies to get the capital they need to stay in operation.

The stablecoin Tether (USDT) is considering lending to international commodities traders, especially in developing markets. Tether's high profits and existing connections may create lucrative opportunities.

Bitcoin climbs 6% to $66K, breaking past the 200-day moving average and triggering $235M in liquidations. The post Bitcoin rises 6% while whales send massive USDT inflows to Binance appeared first on Crypto Briefing.

Tether Holdings, the issuer of the USDT stablecoin, is looking to expand beyond the crypto industry and explore new ventures in traditional finance (TradFi), including potentially lending to commodities trading firms, Bloomberg News reported on Oct. 14, citing CEO Paolo Ardoino.

Tether, the issuer of USDT, the world's largest stablecoin, is exploring new ways to use its massive profits. And so the company is now looking into lending to commodity traders.

Tether Holdings Ltd, the company behind the world's largest stablecoin, USDT, is expanding its horizons by exploring lending opportunities in the commodities trading sector.

Tether, the largest stablecoin issuer, could consider lending U.S. dollars to commodities trading institutions, per reports.

Tether Holdings Ltd., the company behind the stablecoin USDT, is considering lending to commodities traders in its quest for ways to deploy its significant profit.

The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.

Tether considers entering commodity trade finance, potentially offering an alternative to traditional credit sources. The post Tether explores lending billions to commodity traders to shake up traditional trade finance appeared first on Crypto Briefing.

If Tether pursues opportunities in commodities or traditional finance, it will be separate from its stablecoin business.

Tether, the leading stablecoin issuer, has revealed its plans to explore opportunities in commodity trading after securing massive profits, according to a Monday report by Bloomberg.

Tether is considering lending to commodities trading firms, a sector traditionally dependent on banks for credit.

Tether said the next ten years would be focused on solving big problems, such as regulatory clarity in the crypto space.

ENA, the native cryptocurrency of Ethereum-based DeFi project Ethena has witnessed a strong surge as the platform pitches a direct stablecoin competition with industry giant Tether. As a result, the ENA price has shot up by 25% moving to $0.35 with its market cap surging past $920 million.

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.

Tether co-founder Phil G Potter donated almost half a million dollars towards the Commonwealth Unity Fund (CUF), which is meant to support John Deaton. This comes as the 57-year-old John Deaton, the Republican hopeful is looking at ousting the Democratic candidate Senator Elizabeth Warren in Massachusetts.