Economist: USDT Leveraged to Settle Crude Oil Sales in Venezuela

The Venezuelan government is using USDT to receive payments for crude shipments, according to local sources. The move prevents a blockade of crude payments, allowing the Venezuelan government to supply the local foreign currency market directly. Venezuela Leverages USDT to Receive Crude Sale Settlements Stablecoins, such as USDT, have become essential in countries facing both […]