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

Odaily News In an interview with Bloomberg, Paolo Ardoino, CEO of stablecoin issuer Tether, confirmed the company's interest in commodity trade financing, but stressed that the discussion was still in the preliminary stage and refused to disclose the scale of the company's intended investment in commodity trading, saying only that Tether was carefully formulating its strategy. Paolo Ardoino explained: "We are interested in exploring the possibilities of different commodity trading. The future potential is huge, but we may not disclose how much we intend to invest in commodity trading. We are still formulating our strategy." It is reported that Tether plans to provide an alternative to traditional loans that can simplify payments and transactions and avoid the strict regulatory conditions of traditional financial institutions. (Bloomberg)