Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

PDVSA, the state-owned Venezuelan lipid company, would beryllium preparing to migrate much of its payments portfolio to USDT, a dollar stablecoin, to debar being affected by the restitution of U.S. sanctions. Reuters reported that the institution started receiving payments successful USDT past twelvemonth and volition accelerate its adoption. Tether, nonetheless, stated it volition uphold OFAC […]