Trafigura and Tether Explore USDT Payments at El Salvador Gas Stations

News Flash 2026-05-19 00:49

Global commodities trader Trafigura is in discussions with Tether to pilot a project enabling USDT payments at Puma Energy gas stations in El Salvador. According to sources, the talks are in early stages and require regulatory approval. The plan would allow consumers to pay for fuel and convenience store items using USDT, which would then be converted to dollars for settlement with Puma. This marks the first known collaboration between Tether and a major commodities trader on stablecoin payment scenarios. Tether has been expanding its presence in the commodities sector, engaging in trade loans, oil trade financing, and investments in gold and mining assets.

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