Creative Translation: “Embracing USDT, Tether: Ready to Fully Comply with US Sanctions in Response to Venezuela’s Decision”

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Venezuela using USDT to evade sanctions
Tether: Fully cooperating with US sanctions
Venezuela using USDT to evade sanctions
As previously reported, with the restart of US sanctions on Venezuela, the state-owned oil company PDVSA plans to increase the use of USDT as a payment method for its oil exports.
Reuters pointed out that since last year, PDVSA has been slowly shifting its oil sales to USDT, and sources said the return of oil sanctions is accelerating this shift, as it can reduce the risk of sales revenue being frozen in foreign bank accounts.
However, Tether, the issuer of USDT, also immediately responded to this matter, emphasizing that it will fully cooperate with US sanctions-related matters.
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(Using USDT to bypass US sanctions, Venezuela’s oil adopts USDT for transactions)
Tether: Fully cooperating with US sanctions
A spokesperson for Tether told Cointelegraph:
Tether remains committed to terminating any payments to entities sanctioned by the Office of Foreign Assets Control (OFAC), respects OFAC’s list of sanctioned entities, and is committed to ensuring that assets at sanctioned addresses are immediately frozen.
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Further reading
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