Venezuelan President Maduro reportedly expanded the use of Tether in PdVSA oil settlements to bypass sanctions and support citizens, while the company insists on full compliance with U.S. and international regulations.
On January 11, The Wall Street Journal reported that Venezuelan President Nicolás Maduro has increased the use of Tether in oil trade settlements through state oil company PdVSA to circumvent sanctions and provide aid to citizens as the bolívar weakens. Tether responded that it fully complies with U.S. and international sanctions, cooperates with authorities, and freezes illicit addresses when required by law.