Wall Street Journal: Venezuela’s oil exports reliance on USDT and Tether’s commitment to international sanctions compliance

In a report dated January 11, the Wall Street Journal highlights how Venezuela’s state-run oil company, PdVSA, increasingly relies on Tether (USDT) to conduct oil transactions, presenting it as essential amidst economic turmoil.

A representative from Tether asserted that the company follows all relevant U.S. And international sanctions, collaborating with authorities to ensure compliance and addressing any requests regarding illegal activities.