Technology
Crypto Company Tether Talking to Commodity Traders About Lending Them Its Billions
- Commodity traders rely on credit lines to finance shipments
- Tether CEO says any commodities work ‘in early stages’
Tether’s pitch is particularly attractive because its funding would not be subject to the same stringent regulatory conditions as traditional lenders.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Tether Holdings Ltd is exploring lending to commodities trading companies as it looks at ways to deploy its billions of dollars in profits, a move that could shake up an industry typically reliant on traditional banks for credit.
The crypto company — which is the issuer of the world’s largest stablecoin, USDT — has discussed US dollar lending opportunities with several firms across the credit-hungry sector, according to people familiar with the matter who asked not to be identified discussing private conversations.