Paolo Ardoino Who is the CEO of Tether has officially flagged off TradeFi which is aimed at revolutionizing global trade using blockchain technology. This is so because Blockchain technology and it's inputs is currently on the increase as we speak and there should be room to expand what it brings into global trade and making it stand tall as far as global trading with USDT is concerned.
Surely we know before now that transactions of heavy and interesting commodities like crude oil and the likes of Copper always involve big transactions between the parties involved and bridging the gap between heavy transactions like this to be seemlessly done whilst providing a ground for common trade fair and simple transactions with such commodity which involves USDT settlement, this ground breaking advancement will make room for swift and secure transactions since USDT is involved.
Paolo Ardoino who is the CEO of Tether sees this as an opportunity to expand transaction limits and activities between TradeFi and Tether owing to the fact that Tether did their first $45 Million crude oil transaction around November. So bringing in TradeFi to this cause will metamorphose the series of transitions to come involving crude oil, have an impact on stablecoins which USDT is one of them and also bring about the need for more wallet development which are suitable for transaction processes.
Owing to the effect of this launch and the leverage of Blockchain technology,the following are to be experienced; global trade will experience a new dimension of seemlessly done transactions,trade flow would be streamlined because USDT is much more involved so the tracking system of transactions done would be swift and simple,cost also would be reduced because TradeFi is involved.
Blockchain Technology Keeps Winning
Gone are the days when technology was still at the infancy and resources needed to work are there but not refined for use, so many limited opportunities both in web2 and web3 activities but right now, so many advances are been made in technology which have affected the way finances are been handled and transacted creating room for better and swift business transactions and also encouraging much more development as far as technology is concerned.
Seeing what is happening right now with TradeFi and USDT, I think this will open a wider room but well monitored on the transactions that require bigger financial uplifts such as big money moves in billions,other companies and institutions which maybe because of a better way of payment system have restricted their financial advancements will route for what TradeFi has provided which all are encircled in Blockchain technology.
Blockchain Technology Keeps Winning and improving. It isn't that Blockchain technology has come to stay but rather it has come to create swift transactions between companies, created room for stable coins to be involved in transactions and also publicized crypto the more whilst maintaining the integrity of Blockchain.