News Alert!!!
Saudi Arabia has announced plans to accept digital currencies for oil sales but has not specified which ones. Based on current trends and market capitalization, the following digital currencies could potentially be used to buy oil from Saudi Arabia:
1. Bitcoin (BTC) $BTC
2. Ethereum (ETH) $ETH
3. Petro (PTR)
- Venezuela's oil-backed cryptocurrency, which could serve as a model for Saudi Arabia.
4. Tether (USDT)
- a stablecoin pegged to the US dollar, which could minimize volatility risks.
5. Saudi Arabian Digital Currency (SADC) - a hypothetical national digital currency that Saudi Arabia could introduce in the future.
Please note this is speculative, and the actual digital currencies accepted by Saudi Arabia for oil sales may vary.
