Tether Enters Commodity Lending Market Amidst Regulatory Pressure

Tether, led by CEO Paolo Ardoino, is venturing into commodity lending to bolster its position amidst market volatility and regulatory scrutiny. The company’s new strategy involves a $1.5 billion credit commitment to traders, along with an expansion of its gold reserves to $8.7 billion. This move follows S&P Global Ratings downgrading USDT, raising concerns about the stability of Tether’s peg system. 2018 parallels suggest potential market instability. The company emphasizes transparency and profitability in this strategy.