Venezuela reportedly turns to USDT for oil export as US sanctions bite
PDVSA, Venezuela’s government-owned oil company, is reportedly planning to boost its use of cryptocurrencies for exporting crude oil and fuel, in response to tightening US sanctions on Venezuelan oil. Venezuela’s state-owned oil company PDVSA, ranking fifth in global oil exports, is resorting to using stablecoin Tether (USDT) for its fuel sales, following the reinstatement of … Read more