Tether Launches Innovative Financing Solution TradeFi to Promote Global Trade Using Blockchain

Odaily News Tether CEO Paolo Ardoino announced at X the launch of TradeFi, a new service designed to facilitate global trade through innovative financing solutions.
TradeFi expands Tether’s growing product portfolio, which already includes stablecoins, asset tokenization, and wallet development tools. This latest service aims to simplify international trade by providing financing solutions that reduce costs and increase efficiency. The platform will facilitate trading of major commodities such as crude oil and copper while enabling seamless settlement using USDT.
“Powered by blockchain technology, we are streamlining trade, reducing costs, and driving financial inclusion across industries and borders,” Tether’s website states.
The launch of TradeFi follows Tether’s first crude oil trade in November last year. The company financed a $45 million transaction in the Middle East involving 670,000 barrels of oil. While details of the participating companies were not disclosed, Ardoino described it as the first step in a broader strategy to support more commodities and industries.