Tether launches innovative financing solution TradeFi, leveraging blockchain to facilitate global trade

ChainCatcher news, according to CryptoSlate, Tether CEO Paolo Ardoino announced the launch of TradeFi, a new service aimed at facilitating global trade through innovative financing solutions.

TradeFi expands Tether's product line, including stablecoins, asset tokenization, and wallet development tools. The service simplifies international trade processes by providing financing solutions that reduce costs and increase efficiency, supporting commodity trading such as crude oil and copper, and enabling seamless settlement using USDT.

Tether stated that blockchain technology will simplify trade processes, lower costs, and promote financial inclusion. The launch of TradeFi follows Tether's first $45 million crude oil trade last November, marking an important step in its strategy to support more commodities and industries.