Commodities trading is the buying and selling of natural resources, rather than those that have been manufactured.
Tether has entered the global commodities market by financing a $45 million crude oil transaction in October 2024.
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Front-month gold futures are down for the fourth consecutive trading session, with the contract dropping 0.7% to $2,580.80 an ounce.
Crypto asset manager ARK Invest hypothesized that the Trump administration could clear the way for Circle and Kraken IPOs.
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Tether first hinted at lending billions of dollars to commodities trading companies in early October, seeking to provide financing alternatives for an industry largely dependent on traditional banks.
Crude oil prices fell on Thursday after a choppy trading in the previous session as investors assessed Donald Trump's return.