Tether is Exploring New Opportunities in Traditional Finance and Commodities Trading
In a recent announcement, Tether CEO Paolo Ardoino has revealed that his company is exploring new possibilities in the traditional finance and commodities trading realms.
Ardoino stated:
“Tether is currently in the early stages of exploring various commodity trading and TradeFi opportunities.”
He also added that this business venture would not affect the reserves of Tether’s stablecoins, as it would be carried out through the Tether Investment vehicle, which operates separately.
Apart from its role as the creator of the world’s largest stablecoin by market capitalization, Tether has established new divisions, including an investment arm.
In an interview conducted earlier this year, Ardoino had mentioned that the company had plans to invest more than $1 billion within a span of 12 months.
