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Venezuela extensively uses USDT for oil exports, Tether emphasizes strict compliance with international sanctions
According to reports, Venezuela's state oil company is heavily using USDT for oil export transactions, making USDT an important tool for sanctions evasion. Tether has played a significant role in this, providing an economic lifeline to the Venezuelan people, who are suffering from currency devaluation. A Tether spokesperson responded that the company strictly complies with all applicable U.S. and international sanctions regulations and works closely with U.S. authorities, including the Office of Foreign Assets Control, to regularly assist law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate requests.
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