Venezuela Used USDT to Pay for Oil Sales Post Sanctions: Report

Venezuela turned to USDT after United States sanctions cut off access to the dollar banking system. Interestingly, the US has imposed “targeted sanctions” against Venezuelan individuals and entities over “criminal, antidemocratic, or corrupt actions” since 2005. According to a Wall Street Journal report, state oil firm PDVSA began demanding payments in the stablecoin to keep […] Read The Full Article Venezuela Used USDT to Pay for Oil Sales Post Sanctions: Report On Coin Edition.