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Crypto A 24
$USDT Moved the Money, Not the Risk
A $230M Venezuelan oil deal reportedly used $USDT to move funds despite banking restrictions.
But only ~$28.8M of the contracted cargo was delivered, while total losses were estimated at ~$424M.
Key lesson: Stablecoins can speed up settlement, but they can’t remove counterparty risk.
Fast payment ≠ guaranteed delivery. ⚠️
#USDT #Crypto #Stablecoin #Bitcoin
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