Tether CEO: No plans to disclose the scale of investment in the commodities trading sector for now

ChainCatcher news, according to Bloomberg, Tether CEO Paolo Ardoino confirmed in an interview that the company is interested in financing commodity trading, but emphasized that discussions are still in the preliminary stages. Ardoino stated, "We are interested in exploring the possibilities of different commodity trading; the future potential is huge, but we may not disclose how much we intend to invest in commodity trading, as we are still cautiously formulating our strategy."

ChainCatcher previously reported that, according to Tree News, the stablecoin issuer Tether plans to explore providing loans to commodity trading companies.