USDT involved in failed $230 million oil trading deal of a Polish energy group
- Tether’s USDT stablecoin was involved in a major losing oil trade.
- The incident caused a Polish energy group to fail, losing $230 million by the end of 2023.
- The event highlights the growing presence of stablecoins in global commodity trading, along with the risks that come with them.
#BinanceSquare #CryptoNews #USDT #Tether #Oil
$usdt
vlikevn Titanbot
Source: CoinTelegraph
- Tether’s USDT stablecoin was involved in a major losing oil trade.
- The incident caused a Polish energy group to fail, losing $230 million by the end of 2023.
- The event highlights the growing presence of stablecoins in global commodity trading, along with the risks that come with them.
#BinanceSquare #CryptoNews #USDT #Tether #Oil
$usdt
vlikevn Titanbot
Source: CoinTelegraph