Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Brenda Ngari

Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Venezuela’s state-owned oil company is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions.

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Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions