{"id":657674,"date":"2026-09-15T13:52:47","date_gmt":"2026-09-15T13:52:47","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/09\/15\/usdt-payments-feature-in-polish-energy-giants-failed-230m-oil-deal-ft\/"},"modified":"2026-09-15T13:52:47","modified_gmt":"2026-09-15T13:52:47","slug":"usdt-payments-feature-in-polish-energy-giants-failed-230m-oil-deal-ft","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/09\/15\/usdt-payments-feature-in-polish-energy-giants-failed-230m-oil-deal-ft\/","title":{"rendered":"USDT payments feature in Polish energy giant\u2019s failed $230M oil deal: FT"},"content":{"rendered":"

\"USDT<\/p>\n

Tether\u2019s USDT stablecoin was part of a failed oil trade that reportedly cost a Polish energy giant $230 million in late 2023.<\/p>\n

The world\u2019s largest stablecoin by market cap, Tether\u2019s USDt, was reportedly used in a failed Venezuelan oil trade that cost Poland\u2019s largest energy giant $230 million in late 2023, according to the Financial Times.<\/p>\n

That was after the Caracas-based state oil company, PDVSA, began demanding<\/a> partial payments in USDT as a workaround to US financial sanctions.<\/p>\n

The $230 million was an advance payment paid largely in Tether USDt (USDT) in an oil trade orchestrated by Samer Awad, a former executive at Orlen Trading Switzerland (OTS), a trading subsidiary of Poland\u2019s state-controlled energy giant, Orlen, to acquire 6 million barrels of Venezuelan crude oil in November 2023 from state-owned PDVSA, the news outlet reported<\/a> on Tuesday.\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Tether\u2019s USDT stablecoin was part of a failed oil trade that reportedly cost a Polish energy giant $230 million in late 2023. The world\u2019s largest stablecoin by market cap, Tether\u2019s USDt, was reportedly used in a failed Venezuelan oil trade that cost Poland\u2019s largest energy giant $230 million in late 2023, according to the Financial […]<\/p>\n","protected":false},"author":1,"featured_media":657675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-657674","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/657674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=657674"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/657674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/657675"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=657674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=657674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=657674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}