Venezuela reportedly turns to USDT for oil export as US sanctions bite

Denis Omelchenko

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

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Venezuela reportedly turns to USDT for oil export as US sanctions bite