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Tether’s Shocking Plan to Lend Billions to Commodity Traders – Will It Finally Put an End to Your Uncle’s 7-Year-Old Bitcoin Piggy Bank?

A  illustration of a piggy bank with a Bitcoin logo on its side, being handed over by Tether's CEO Paolo Ardoino (depicted as a smiling figure holding briefcase) to an unseen person wearing a suit and tie, symbolizing the potential mainstream adoption of stablecoins in commodities trading. The background is filled with chaotic market charts and derivatives-related elements.

Tether’s got a new plan and it doesn’t involve saving money, unlike some people I know who have been ‘hodling’ since 2017 , but instead of putting that cash to good use, they’re just going to lend it out to commodity traders. Because you can never go wrong with lending billions of dollars to companies that are basically betting on the price of oil and precious metals.

Source: cointelegraph

Tether Holdings Ltd is considering lending to commodities trading companies as the stablecoin issuer looks to deploy billions of dollars in profits, according to an Oct. 14 report by Bloomberg. Tether, which mints USDt (USDT), has discussed United States dollar-denominated lending opportunities with several commodity trading firms, Bloomberg said, citing people familiar with the matter who asked not to be identified. Tether did not immediately respond to Cointelegraph’s request for […]

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