Tether enters Middle East crude oil trading, taking first step in trade finance division

Tether (USDT) has joined a Middle Eastern oil trade, expanding globally through its trade finance division. Tether recently completed a $45 million (approximately $6.8 billion) trade deal.
The company has raised funds and entered the Middle East raw materials market in earnest. This is in an attempt to improve settlement efficiency in the $10 trillion trade finance industry by utilizing USDT (Tether).
This move is seen as a clear indication of Tether’s intention to continue to invest in the Middle East. Through this fundraising, Tether has applied the utility of USDT’s real asset settlement to Middle Eastern crude oil trading.
This is expected to simplify settlement procedures, improve trading efficiency, and further strengthen Tether's role in the global trade finance market.
Through this project, Tether is demonstrating the potential of digital assets in the trade finance industry.
In particular, USDT is valued as a stable digital currency that allows for instant settlement, and its application to Middle Eastern crude oil trading will enhance the use of digital currencies in real asset settlement.
An industry source said, "Tether's entry into the Middle East market will be an example of how the complexity of existing raw material transactions can be reduced and the efficiency of digital payment systems can be maximized."
The digitalization of the global trade market is a potential growth engine for Tether. Going forward, Tether plans to expand the use of USDT in various transactions within the trade finance industry.
The goal is to further expand the use of digital currencies and establish a standard for digital assets in global trade.
Tether's latest foray into the market serves as an important example of how digital payment methods can contribute to real asset trading.
For more details regarding Tether's entry into the Middle East, please see Tether's official announcement.
It can be confirmed.