Updated
Updated · Bloomberg · May 18
Trafigura, Tether Discuss USDT Pilot at El Salvador Fuel Stations
Updated
Updated · Bloomberg · May 18

Trafigura, Tether Discuss USDT Pilot at El Salvador Fuel Stations

1 articles · Updated · Bloomberg · May 18
  • Trafigura is discussing an early-stage pilot with Tether to let customers pay with USDT at Puma Energy fuel stations in El Salvador.
  • The plan would test stablecoin payments in Trafigura’s retail fuel network, with Puma Energy serving as the operating arm for the rollout.
  • Regulatory approvals are still required, and people familiar with the matter said the talks remain preliminary, leaving the project subject to change.
As corporations embrace stablecoins, are traditional banks losing their grip on the global payments system?
With US crypto laws tightening, is this pilot a new blueprint for corporate finance in emerging markets?