For the last year, PDVSA has been progressively shifting its oil sales to USDT.
This shift is being expedited by the return of oil sanctions.
In response to the harsh U.S. sanctions, Venezuela’s state-run oil firm PDVSA has reportedly taken further steps to diversify its revenue streams away from traditional fiat currency and toward digital assets such as Tether (USDT).
The United States Department of the Treasury requested last week that all PDVSA users and service providers cease all transactions until May 31. Companies will have to wait for specific U.S. authorizations to conduct business with Venezuela, which will make it more difficult for Venezuela to increase its oil production and exports.
By Passing Sanctions
For the last year, PDVSA has been progressively shifting its oil sales to USDT, Tether’s stablecoin linked to the US dollar. According to people acquainted with the situation, this shift is being expedited by the return of oil sanctions, which are meant t
We współpracy z: https://thenewscrypto.com/venezuela-accelerates-shift-to-tether-usdt-amidst-tightening-us-sanctions/
