On January 11, according to The Wall Street Journal, Venezuelan President Maduro has been promoting Tether to become the world’s leading stablecoin. USDT serves as an important tool for Petróleos de Venezuela (PdVSA) to circumvent sanctions, being used as a settlement currency for oil transactions and providing an economic lifeline for Venezuelan citizens suffering from their national currency’s collapse. A Tether spokesperson responded to this, stating that Tether complies with all applicable U.S. and international sanctions regulations and works closely with U.S. authorities, including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate requests.
WSJ: ベネズエラが制裁回避でUSDT大量使用、Tetherが国際執法機関への協力を表明
On January 11, according to The Wall Street Journal, Venezuelan President Maduro has been promoting Tether to become the world’s leading stablecoin. USDT serves as an important tool for Petróleos de Venezuela (PdVSA) to circumvent sanctions, being used as a settlement currency for oil transactions and providing an economic lifeline for Venezuelan citizens suffering from their national currency’s collapse. A Tether spokesperson responded to this, stating that Tether complies with all applicable U.S. and international sanctions regulations and works closely with U.S. authorities, including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate requests.