The Wall Street Journal: Venezuela's State Oil Company Uses USDT to Circumvent Sanctions
Svmuu News: USDT has become deeply entrenched in Venezuela, where the state-owned oil company uses it to circumvent sanctions and the public relies on it as a substitute for the U.S. dollar amid hyperinflation. Analysts expect the use of stablecoins to continue even after Nicolás Maduro’s arrest. Tether The company stated that it complies with U.S. and international sanctions and cooperates with authorities to freeze wallets linked to illegal activities when necessary. (The Wall Street Journal)
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