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The Wall Street Journal: Venezuela's oil exports heavily use USDT, Tether emphasizes strict compliance with international sanctions
On January 11, it was reported by The Wall Street Journal that Tether's status as the world's leading stablecoin is partly due to Maduro's influence, as Tether serves as a key tool for Venezuela's state-owned oil company (Petróleos de Venezuela, PdVSA) to circumvent sanctions, used as a settlement currency for oil transactions and providing an economic lifeline to Venezuelan people suffering from the collapse of their national currency, the bolívar. A Tether spokesperson responded by stating that the company complies with all applicable U.S. and international sanctions, works closely with U.S. authorities including the Office of Foreign Assets Control, and regularly assists law enforcement agencies in freezing addresses linked to illegal activities or violations of sanctions upon legitimate requests.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$BNB
{future}(BNBUSDT)
On January 11, it was reported by The Wall Street Journal that Tether's status as the world's leading stablecoin is partly due to Maduro's influence, as Tether serves as a key tool for Venezuela's state-owned oil company (Petróleos de Venezuela, PdVSA) to circumvent sanctions, used as a settlement currency for oil transactions and providing an economic lifeline to Venezuelan people suffering from the collapse of their national currency, the bolívar. A Tether spokesperson responded by stating that the company complies with all applicable U.S. and international sanctions, works closely with U.S. authorities including the Office of Foreign Assets Control, and regularly assists law enforcement agencies in freezing addresses linked to illegal activities or violations of sanctions upon legitimate requests.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$BNB
{future}(BNBUSDT)
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