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The Daily Hodl
2024-10-16 18:45:32

Stablecoin Giant Tether Looking To Deploy Billions in Profits to New Lending Venture: Report

Stablecoin Giant Tether Looking To Deploy Billions in Profits to New Lending Venture: Report

Stablecoin issuer Tether Holdings Ltd is reportedly considering venturing into commodity trade financing amid a growing cash pile. According to a Bloomberg report, Tether Holdings, which generated $5.2 billion in net profits in the first half of 2024, is exploring the possibility of providing loans to commodities trading firms. Citing ‘people familiar with the matter,’ The post Stablecoin Giant Tether Looking To Deploy Billions in Profits to New Lending Venture: Report appeared first on The Daily Hodl .

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