Venezuela’s state-owned oil company transitions to USDT to bypass US sanctions

Reuters revealed that the Venezuelan state-run oil & natural gas company PDVSA has decided to accelerate the use of stablecoins such as Tether (USDT) for transactions. That comes as the nation sees intensified sanctions from the United States. The report indicated that the Biden administration would not consider easing oil sanctions on the country as Venezuela’s president, Nicolas Maduro, […]