According to Bloomberg, Trafigura Group is in discussions with Tether to pilot the use of USDT for fuel payments in El Salvador. The pilot would involve gas stations operated by Puma Energy, a subsidiary of Trafigura, where consumers could pay for fuel or snacks using USDT, with funds converted to USD via an intermediary and transferred to Trafigura. The discussions are in early stages and require regulatory approval. A Puma Energy spokesperson said the talks are still exploring technical feasibility. This marks Tether’s first collaboration with a major commodities trader to explore stablecoin applications.
Trafigura Group and Tether Discuss USDT Gas Station Pilot in El Salvador
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Summary
Trafigura Group is in discussions with Tether to test USDT payments at Puma Energy gas stations in El Salvador. The plan involves converting USDT to USD through intermediaries before transferring funds to Trafigura. A Puma Energy representative said the project is evaluating technical feasibility. The initiative requires regulatory approval and remains in its early stages. This could mark Tether’s first cryptocurrency partnership with a major commodity trader, and is viewed as part of broader cryptocurrency developments in the region.
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