CoinVoice Latest Update: According to The Wall Street Journal, Tether's position as the world's leading stablecoin has been partly facilitated by Maduro, as Tether serves as an important tool for Petróleos de Venezuela (PdVSA) to circumvent sanctions. It is used as a settlement currency for oil transactions and has provided an economic lifeline for Venezuelan citizens suffering from the collapse of the bolívar currency.

A Tether spokesperson responded by stating that the company complies with all applicable US and international sanctions regulations, works closely with US authorities including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate request.