Tether has announced freezing addresses linked to entities sanctioned by OFAC, following reports of Venezuela's PDVSA using USDT to bypass U.S. oil sanctions. PDVSA seeks to accelerate USDT adoption for settlements to avoid frozen oil sales revenues in foreign banks.
Must-read thread by @philgunson outlining key developments in #Venezuela in recent days ⬇️ https://t.co/Zqo2QVnsbA
It's been A WEEK in #Venezuela, with developments many of us doubted would ever happen. If you have not been following closely, my @CrisisGroup colleague @philgunson explains here⬇️ https://t.co/qafBwTYB1y
Tether’s vow to stop illicit use of USDT faces crucial test from sanctioned Venezuelan oil giant https://t.co/SLZJUAqMk7
🗞️ Crypto News In response to a recent Reuters report revealing that Venezuela's state-run oil company, PDVSA, has been utilizing cryptocurrencies to get around its oil and fuel exports sanctions. 🔗 https://t.co/yBFsBmPU94 #CryptoNews
Stablecoin issuer @Tether_to says it will freeze wallets that are using $USDT to evade sanctions on oil exports in Venezuela. https://t.co/KCZiN1HYQY
🚨 Some Major news from yesterday🚨 - Tether says it’ll freeze wallets using USDT to evade sanctions on oil exports in Venezuela. - $Metis Metis launched phase 2 of its decentralized sequencer, with new features introducing Sequencer Mining for users. Sequencer nodes will earn…
Venezuela wanted to use USDT via intermediaries to bypass U.S. sanctions But now Tether said that it will freeze addresses linked to evading sanctions Have you ever thought about the real unconfiscatable money named #Bitcoin ?
Stablecoin issuer @Tether_to said it will freeze wallets that are using $USDT to evade sanctions on oil exports in Venezuela. Reporting by @oknightcypto. https://t.co/00hbGfH378
Venezuela looks to use crypto for oil sales as sanctions return fro the US. Using Tether, PDVSA is seeking to hasten the use of digital currency for oil export transactions to avoid having revenues from oil sales frozen in foreign bank accounts, per Reuters.
#Venezuelan State Oil Company #PDVSA to Accelerate #USDT Adoption for Settlements; #Tether Vows to Uphold #OFAC Sanctions https://t.co/yxKnfdA8Ik
Venezuela is experimenting with $USDT to bypass sanctions. https://t.co/6dK0UlMAoO
🚨 #Tether has announced that it will freeze addresses connected to entities sanctioned by the Office of Foreign Assets Control (OFAC). This decision follows reports that #Venezuela's state-run oil company, PDVSA, used Tether's $USDT stablecoin to circumvent U.S. oil sanctions