USDT Payments Feature in PKN Orlen's Failed $230M Oil Deal

A recent deal involving Polish energy giant PKN Orlen has drawn attention to the role of USDT, a stablecoin issued by Tether Limited. According to an article in The Financial Times (FT), PKN Orlen was involved in a failed $230M oil deal that used USDT for payments.

The FT reported that the deal fell through due to issues with the transfer of funds, which were paid in USDT. Although the exact reasons behind the failure are not specified, this incident highlights the growing use of stablecoins in international transactions.