Tether launches ‘Hadron,’ a platform for tokenizing real-world assets.
The market capitalization of Tether's US dollar-pegged stablecoin (USDt) has surpassed $126 billion following the minting of nearly $7 billion in new tokens.
Tether has unveiled “Hadron,” a real-world asset (RWA) tokenization platform designed to enable businesses, asset managers, and governments to issue and manage digital tokens tied to real-world financial instruments.
Hadron supports the tokenization of assets such as stocks, bonds, stablecoins, loyalty points, and more, incorporating stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Commenting on the launch, Tether CEO Paolo Ardoino stated:
“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.”
The platform also includes **basket-collateralized products, allowing organizations to issue tokens backed by baskets of commodities or other securitized assets. This innovation aligns with global interest in basket-backed instruments, such as the BRICS coalition's proposed overhaul of the International Monetary Fund's Special Drawing Rights (SDR).
Tether's Hadron launch coincides with its broader focus on energy and commodity-backed tokens. In October 2024, Tether proposed a token backed by boron to the Turkish government. Turkey controls roughly 70% of the global boron supply, a critical resource for products ranging from fertilizers to glass manufacturing. During the same period, Tether entered the oil trading sector, facilitating a $45 million transaction for transporting 670,000 barrels of oil from the Middle East using USDt.
Additionally, Tether introduced a dirham-pegged stablecoin—the UAE's national currency—on The Open Network (TON) blockchain at the TON Gateway event in Dubai.
Tether reported significant financial achievements in its Q3 2024 financial report, with $2.5 billion in profits and approximately $134 billion in total assets as of October 31, 2024.
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