Wall Street Journal: Venezuela's National Oil Company Uses USDT to Evade Sanctions

Odaily Planet Daily reports that USDT has become deeply rooted in Venezuela, where the state oil company uses it to circumvent sanctions, and the public uses it as a substitute for the dollar during hyperinflation. Analysts expect that the use of stablecoins will continue even after Nicolás Maduro’s arrest. Tether stated that the company complies with U.S. and international sanctions and cooperates with authorities to freeze wallets related to illegal activities when necessary. (The Wall Street Journal)