Venezuela’s state-owned oil company, Petróleos de Venezuela S.A. (PDVSA), is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions, which are aimed at crippling the government of embattled President Nicolás Maduro.

USDT: Venezuela’s Solution For Sweeping Oil Sanctions

According to a Monday Reuters License.

1. Homepage
2. Crypto Currencies World
3. Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions