According to CNBC reporter MacKenzie Sigalos on January 5, 2026, Venezuela attempted to use the stablecoin (crypto token pegged to fiat) Tether for oil transactions to circumvent sanctions; portions of proceeds were moved, the report states.
On January 5, 2026, CNBC reporter MacKenzie Sigalos said the Venezuelan government attempted to use the stablecoin (crypto token pegged to fiat) Tether to conduct oil transactions to circumvent sanctions, with portions of proceeds moved. CNBC also reported the United States may seize Venezuela crypto assets.