Tether Asks Turkey to Consider Digital Token for Borate Minerals

   LinkedIn posts show that Eti Maden’s General Manager Yalcin Aydin is among the officials Tether’s local Expansion Manager Anadolu Aydinli met with in recent months. Others include Turkey’s Vice President Cevdet Yilmaz and Energy Minister Alparslan Bayraktar. The Turkish Energy Ministry and the Presidency’s office declined to comment. In a statement, Tether’s Chief Executive Officer Paolo Ardoino said the company is “deeply committed to fostering innovation in Turkey’s digital-asset landscape” and keen to continue exploring new opportunities for growth. Tether issues the world’s largest stablecoin, USDT, a token designed to hold a constant $1 value whose circulation has soared to $120 billion. The digital asset is the favored place to park funds for use in crypto trading. The company also increasingly touts its surrogate dollar as a way to make payments more cheaply and quickly by curbing the use of traditional banking rails — especially in emerging nations where US dollars can be in short supply. Expansion Managers Aydinli is one of a coterie of expansion managers for Tether around the world, many of whom tied up with the company in the past year, according to LinkedIn profiles. The recruits for countries including Venezuela, the Philippines, Thailand, Indonesia and the United Arab Emirates, as well as for Africa and Latin America, underline the company’s ambitions to expand beyond its crypto roots.