Tether Launches TradeFi, a Blockchain-Based Financial Service Aimed at Optimizing International Trade

Tether has introduced TradeFi, a financial service aimed at optimizing international trade by offering enhanced funding solutions.

Tether has introduced TradeFi, a financial service aimed at optimizing international trade by offering enhanced funding solutions. The company’s CEO, Paolo Ardoino, shared this development on February 19 through social media. The initiative is designed to address financial challenges in global commerce by streamlining cross-border transactions and increasing efficiency.

This latest venture expands Tether’s portfolio, which already includes stablecoins, asset tokenization, and digital wallet solutions. TradeFi is expected to facilitate funding in key commodity markets, such as crude oil and copper, while leveraging USDT to ensure seamless financial settlements. The primary objective is to lower transaction costs and foster greater financial accessibility across different industries and markets.

Tether describes TradeFi as a blockchain-supported solution that simplifies trade operations, minimizes costs, and enhances financial accessibility on a global scale. The service follows Tether’s involvement in a crude oil transaction in November, where the company financed a $45 million trade for 670,000 barrels of oil in the Middle East. While specific details about the companies involved in the deal remain undisclosed, the transaction marks the beginning of a broader plan to extend support to additional industries and commodities.

Despite its growing presence in new sectors, Tether continues to dominate the stablecoin market. Its flagship token, USDT, remains the industry leader, with a market capitalization exceeding $140 billion, accounting for approximately 70% of the total stablecoin market share.