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Tether just pulled off a huge crude oil deal worth $45 million, using USDT for payment. Tether has recently ventured into the crude oil market, signaling its intention to innovate within traditional finance. Through its investment arm, Tether Trade Finance, the company has sponsored a groundbreaking transaction involving Middle Eastern crude oil. This deal, which was completed in October 2024, involves the loading and transportation of approximately 670,000 barrels of crude oil at a total cost of $45 million. Notably, the transaction was financed using Tether’s USDT stablecoin, highlighting the potential of digital currencies to facilitate fast and efficient trade on a global scale.

The week is on!!SendAfrika is Here to provide seamless platform for Peer-To-Peer trading in all African currencies! 🌍🇬🇭🇳🇬🇰🇪🇿🇦🔥🔥 StayConnected and Updated!!!! P2PTrading# #AfricanCurrencies #SendAfrika #Fintech #ComingSoon

Stablecoins like USDT and USDC are taking the international remittance market by storm. 📈 According to a report by Chainalysis, Stablecoins transaction volume increased by 30% annually in emerging markets, indicating a growing interest in stablecoins for remittance purposes. Why the shift to Stablecoins, and why does it pose a better alternative for international remittance? Find out more in this issue of Staywired. 📥 ⬇

The future of seamless P2P trading of African currencies is Here🤳🇬🇭🇹🇬🇳🇬🇨🇮🇧🇫🇰🇪🇷🇼🇿🇦 Connect with us on X👉@Sendafrika ahead of our launch 🚀 #AfricanCurrencies #CurrencyTrading #Fintech #SendAfrika #ComingSoon!

Throughout much of 2023 and into early 2024, the Malaysian #ringgit was ranked among the region's worst-performing currencies. However, recent months have seen a sharp reversal, with the ringgit emerging as the best-performing currency in the region. What caused the ringgit's rebound, and will its rally sustain? AMRO researcher Yin Fai Ho weighs in 👉 bit.ly/3ZhNctX

Today on Market Movers… The NGX has emerged as one of the world’s best-performing stock markets in 2024, with equities surging by approximately N10.82 trillion. This growth has pushed the NGX’s market capitalization to close at N51.74 trillion ($57.36 billion), up from N40.92 trillion ($45.11 billion) in 2023. As the week wraps up, we're gearing up for the next week's trading session by delving into the latest financial insights. Our focus begins with Mr. David of Mega Equities Ltd in Lagos, shedding light on the trends driving the Nigerian stock market. We'll also dissect the Treasury Bills debt surge, now standing at N10.4 trillion, and its implications on investor confidence and economic stability. Additionally, keep an eye on the new crypto regime introduced by the Securities and Exchange Commission. Join me on #Market #Movers for valuable market insights and expert analysis to navigate the evolving landscape of Nigeria's financial markets. #NGX #StockMarket #FinancialInsights

Dive into the world of stablecoin exchange with DurraFX! Our strong foundation in African currencies ensures seamless transactions with competitive rates. Trade with confidence and convenience today! #DurraFX #StablecoinExchange #AfricanCurrencies #bestrates #highreturn #USDT

About 70% of African countries are facing an FX shortage, and businesses are struggling to get access to the dollars they need to operate. Stablecoins provide an opportunity for these businesses to continue to operate, grow, and strengthen the local economy. Small to medium-sized stablecoin inflows, which we measure under $1 million, tend to align with the naira’s depreciating value. As the naira depreciates, we can see a rise in stablecoin inflows for transactions under $1 million, with more pronounced activity during periods of significant currency devaluation. #Stablecoins #SubSaharanAfrica #FX Source: Chainalysis report 2024

In the past week, discussions around sanctions and trade wars have escalated, amplifying global tensions. Amidst this uncertainty, tokenized real-world assets (#RWAs) are emerging as an increasingly attractive investment opportunity. Fractional ownership is leveling the playing field, enabling retail investors to access markets once reserved for institutional players. The future of investment is here! 🏢 #OilXCoin #OilAndGas

**Breaking News**: Arthur Hayes, co-founder of BitMEX, states in his blog that policymakers prefer immediate solutions over necessary reforms, citing the dollar-yen exchange rate as an example. He explains that unlimited dollar-yen swaps to manipulate the yen's value without raising interest rates can weaken the dollar and cause inflation, while a weak yen undermines China's export competitiveness, leading to yuan devaluation. Monitoring the dollar-yen exchange rate and swap size is crucial 🌐💱📉.