Tether Holdings Ltd., the issuer of the stablecoin USDt, is exploring the possibility of lending to commodities trading companies, aiming to utilize its substantial profits.

Discussions have taken place with several commodity trading firms regarding lending opportunities in United States dollars. Tether's interest extends to potentially playing a role in mainstream commodities trades.

Commodity traders heavily rely on credit to finance international shipments and trades involving commodities like oil and precious metals, as well as derivatives such as futures and swaps.

Tether's decision comes amid its record-breaking profits of $5.2 billion in the first half of 2024 and a growing stockpile of United States government bonds. Show Less