PANews|May 19, 2026 00:05
[Commodity Trader Trafigura Group and Tether in Talks to Pilot USDT Payments at Gas Stations]
According to Bloomberg, multinational commodity trader Trafigura Group is in discussions with Tether about a pilot project to use the stablecoin USDT for payments at fuel stations in El Salvador. The pilot will focus on gas stations operated by Puma Energy, Trafigura's fuel distribution division, where Salvadoran consumers can use USDT to pay for fuel or snacks. The payments will be converted into U.S. dollars by an intermediary before being transferred to Trafigura. The discussions are still in the early stages and require regulatory approval. A Puma Energy spokesperson stated that the discussions remain at an exploratory technical stage. This marks the first known collaboration involving the use of stablecoins between Tether and a major commodity trader. Tether previously stated it had funded an oil transaction but did not disclose specific details.
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