Tether CEO: We are not disclosing the scale of our investment in the commodity trading sector at this time, as we are cautiously formulating strategies
Odaily Planet Daily reports that Tether's CEO, Paolo Ardoino, confirmed the company's interest in commodity trading finance during an interview with Bloomberg. However, he emphasized that discussions are still at a preliminary stage and refused to disclose the scale of investment planned for commodity trading. He only indicated that Tether is cautiously formulating its strategy.
Paolo Ardoino explained: "We are interested in exploring different possibilities of commodity trading. The future potential is huge, but we may not reveal how much we plan to invest in commodity trading as we are still formulating our strategy." (Bloomberg)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Banxico: Flexible stance with upside risks – Rabobank
Planet Ventures CEO Etienne Moshevich resigns
India Relaxes Asset Management Rules: Portfolio Management Industry Approved for Overseas Investment and Short Selling Stocks for the First Time
Indian regulators announced on Thursday that they will allow the country’s $463 billion portfolio management industry to invest in overseas securities for the first time and to conduct short-selling in stock options. This move opens up new channels for India’s wealthy class to access global markets and holds significance for AI-related assets, which have attracted strong investor interest. Additionally, India will launch new portfolio management products with lower investment thresholds.
Waldencast Files to Delist Shares, Warrants From Nasdaq
Crypto prices
More
