🛢️ #RUSSIA AND #VENEZUELA TOKENIZE BLACK GOLD
A new #stablecoin backed by oil is reportedly in development, according to energy sector sources. "Petro 2.0"?
Here are the key points👇
1️⃣ The original #Petro #PTR launched in 2018 never achieved liquidity or transparency. It was officially discontinued in 2024.
2️⃣ Now, Russia and Venezuela are exploring a new digital energy asset, allegedly backed by barrels of Venezuelan crude.
3️⃣ $200 M in OTC operations are mentioned, with no public contract or verified listing.
4️⃣ The goal would be to facilitate trade between sanctioned countries and reduce dependence on the SWIFT system.
5️⃣ For now, there is no on-chain evidence or whitepaper. More geopolitical narrative than an open public project.
📊 We will continue monitoring if the token or contracts on the blockchain emerge.