Trafigura and Tether Are Discussing USDT Usage in Fuel Stations
Gas pumps at a gas station in San Salvador, El Salvador.
Photographer: Camilo Freedman/APHOTOGRAFIA/Getty ImagesCommodity trading house Trafigura Group Pte Ltd. is in talks with Tether Inc. about a pilot project to use its stablecoin at fuel stations.
The pilot would focus on facilitating payments in petrol stations operated by Trafigura’s fuel distribution arm Puma Energy in El Salvador, according to people familiar with the matter, who said the discussions are at an early stage and subject to regulatory approvals.