Stablecoin issuer Tether has debuted on the commodities market by financing a $45-million crude oil transaction.
https://cointelegraph.com/news/tether-expands-oil-trading-45-m-transaction
Discussion
i dont think a stable coin can reduce or increase in price or market cap.
The deal involved the financing of 670,000 barrels of crude oil sourced from the Middle East. It was executed between a publicly traded super-major oil company and a top-tier commodity trader. This transaction not only highlights Tether's ambitions to diversify its operations but also underscores the potential role of stablecoins in traditional trade finance.