Tether Completes First Middle Eastern Crude Oil Transaction of 670,000 Barrels

Nov 8, 2024, 02:39 PM

Tether Trade Finance has successfully completed its first Middle Eastern crude oil transaction. The transaction, which took place in October 2024, involved a publicly traded super-major oil company and a top-tier commodity trader. The deal facilitated the loading and transporting of 670,000 barrels of crude oil. This Tether-denominated cargo marks a significant milestone for Tether's commodity product suite, showcasing its growing leadership in real-world asset transactions.