Tether CEO refuses to disclose investment size in commodities trading and says it is carefully developing its strategy

10/15 12:05

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Paolo Ardoino, CEO of stablecoin issuer Tether, confirmed in an interview with Bloomberg that the company is interested in commodity trade financing. However, he emphasized that discussions are still in the preliminary stages and refused to disclose the company's investment scale in commodity trading, only stating that Tether is cautiously formulating its strategy. Paolo Ardoino explained: "We are interested in exploring the possibilities of different commodity trades. The future potential is huge, but we may not disclose how much we plan to invest in commodity trading. We are still formulating our strategy." It is reported that Tether plans to provide an alternative to traditional loans, which can simplify payments and transactions and avoid the strict regulatory conditions of traditional financial institutions.

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