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Vladimir 🎩
@xbtvladimir
Tether, is expanding into commodities trading and traditional finance (TradFi) while keeping these ventures separate from its stablecoin operations. CEO Paolo Ardoino emphasized that Tether's new business line, including potential U.S. dollar lending to commodity traders, could offer quicker, less-regulated financing alternatives. This expansion also includes a focus on Turkey, where Tether has proposed tokenizing the country's borate minerals and establishing a digital asset exchange in Istanbul. While Tether’s exploration into Turkey’s boron market is still in its early stages, it reflects the company’s ambition to integrate digital assets into traditional sectors. However, it's worth noting that Turkey has banned the use of cryptocurrencies as a payment method, complicating the broader adoption of crypto assets in the country. What are your thoughts on this?
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Gabrielle
@gabrielle88
Interesting move, hope it's good for everyone.
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