Stablecoin

United

2024

Taylor Swift

Stablecoin issuer Tether has revealed a real-world asset tokenization platform dubbed “Hadron,” which allows businesses, asset managers, and nation-states to issue and manage digital asset tokens for real-world financial instruments.
According to Tether, users can tokenize stocks, bonds, stablecoins, loyalty points, and other real-world assets on the platform, which also features robust Know Your Customer (KYC) and Anti-Money Laundering (AML) controls. Tether CEO Paolo Ardoino issued this statement alongside the platform reveal:
<blockquote>
 “While traditional finance institutions have always pushed for closed ecosystems that are opaque to citizens, Hadron by Tether reinforces our commitment to building a more inclusive future.”
</blockquote>
Hadron will also include “basket-collateralized products,” which allow nation-states and corporations to issue digital asset tokens for baskets of commodities or other real-world, securitized assets.
Baskets of commodities and fiat currencies have come under renewed focus following the BRICS supranational organization’s proposed overhaul of the International Monetary Fund’s Special Drawing Rights (SDR) — an international reserve asset comprised of a collection of five fiat currencies.
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 <img alt="Tether, Tokenization, RWA Tokenization" src="https://s3.cointelegraph.com/uploads/2024-11/01932c16-115f-7e36-a370-31a921f7a8cb" title="">
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 Tokenized assets are projected to reach $10.9 trillion by 2030. Source: <a data-ct-non-breakable="null" href="https://x.com/gaborgurbacs/status/1857105003753644105" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/gaborgurbacs/status/1857105003753644105">Gabor Gurbacs</a>
 </figcaption>
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Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-launches-open-source-wallet-development-kit-humans-and-ai" rel="null" target="null" text="null" title="null">Tether launches open-source wallet development kit for humans and AI</a>
<h2 id="tether-expands-into-energy-and-proposes-commodity-backed-tokens">Tether expands into energy and proposes commodity-backed tokens</h2>
Tether’s introduction of the Hadron tokenization platform comes amid the company's push into energy and commodity-backed blockchain tokens.
In October 2024, Tether <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-proposes-boron-backed-tokens-turkey-government" rel="null" target="null" text="null" title="null">proposed a boron-backed token</a> to the Turkish government. Turkey controls approximately 70% of the mineral supply, which is used in a wide variety of applications, including fertilizers, household cleaning products, and glass manufacturing.
The stablecoin issuer also <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-expands-oil-trading-45-m-transaction" rel="null" target="null" text="null" title="null">expanded into oil trading</a> during the same month. Tether’s $45 million transaction financed the transport of 670,000 barrels of oil from the Middle East using the Tether-US dollar stablecoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tether-price-index" rel="null" target="null" text="null" title="null">USDT</a>).
Tether likewise announced the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-dirham-stablecoin-launch-ton" rel="null" target="null" text="null" title="null">launch of its new dirham-pegged stablecoin</a> — the national currency of the United Arab Emirates (UAE) — on The Open Network (TON) blockchain during the TON Gateway event held in Dubai.
The stablecoin firm reported <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-record-q3-profits-earnings-rise-2024" rel="null" target="null" text="null" title="null">$2.5 billion in profits</a> for the third quarter of 2024 and revealed that the company had approximately $134 billion in total assets in an Oct. 31 financial <a data-ct-non-breakable="null" href="https://tether.io/news/tether-hits-7-7-billion-2024-nine-month-profits-102-5-billion-in-u-s-treasury-holdings-almost-120-billion-usd%E2%82%AE-circulation-and-an-over-6-billion-reserve-buffer-in-q3-2024-attestation/" rel="null" target="null" text="null" title="null">report</a>.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/tokenizing-music-royalties-nfts-taylor-swift-3lau-nas-the-weeknd/" rel="null" target="null" text="null" title="null">Tokenizing music royalties as NFTs could help the next Taylor Swift</a>

Tether introduces ‘Hadron’ real-world asset tokenization platform

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Cointelegraph

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