Every story we've covered involving oil-trade.
Cointelegraph, citing the Financial Times, reports that Tether's USDT stablecoin was used in a failed Venezuelan oil purchase that left Poland’s state-controlled energy group Orlen out $230 million in late 2023. The deal, arranged to buy six million barrels from PDVSA, collapsed after advance payments routed through crypto intermediaries largely disappeared and Orlen received only a small fraction of the crude.
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