Venezuela's state-owned oil company, Petróleos de Venezuela (PdVSA), is heavily utilizing Tether (USDT) as a settlement currency to navigate international sanctions, according to a Wall Street Journal report. This strategic use of USDT provides a crucial economic support for the country, which is grappling with the depreciation of its national currency, the bolivar. Tether has emphasized its strict adherence to U.S. and international sanctions. A company spokesperson stated that Tether collaborates closely with U.S. authorities, including the Office of Foreign Assets Control, and assists law enforcement in freezing addresses linked to illegal activities or sanctions violations when requested.
Venezuela's Oil Exports Rely on USDT Amid Sanctions, Tether Ensures Compliance
Share to:
This content is for informational purposes only and does not constitute investment advice.
Recommended Reading
2026-01-11 18:45
Bitcoin ETF Outflows Surge Amid Market Uncertainty
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.