Trade finance is changing fast. By 2031, it could hit USD 98. 83 billion, growing at 3. 45% each year. This growth is driven by digital solutions and blockchain tech. These changes are making trade easier and more secure. Digital tools are becoming more popular. They cut down on paperwork and make
The trade finance market is on the rise, expected to hit USD 95. 74 billion by 2030. This growth is driven by a shift towards digital solutions and open-account methods, even though traditional letters of credit remain important in high-risk deals. New rules and blockchain tech are making trade easi
Tether, the company behind the popular USDt stablecoin, is making a bold move into the world of commodity lending. With a whopping $1. 5 billion already lent out, they're not just dipping their toes in—they're diving right in. This isn't just about lending money; it's about helping traders move good
XDC Network, a blockchain platform, has taken over Contour, a digital trade finance platform. Contour, once supported by big banks like HSBC and Citi, faced challenges and closed down in late 2023. Now, under XDC's leadership, it's getting a fresh start with new funds and a plan to use stablecoins i
Companies often face a tough spot when they have to pay bills and salaries, but customers are slow to pay. This is where trade finance steps in. It's a way for businesses to get money by selling their unpaid invoices or getting a bank to guarantee payment. It's a lifeline for many. First Brands' re
Ever wondered how international trade finance started? Let's hop back in time to the Middle Ages. Back then, trade finance was a local affair, with merchants and bankers creating their own unique financial tools. Picture this: a merchant in Italy might use a different method than one in China. As tr
