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

April 23, 2024
in Bitcoin
Reading Time: 1 min read
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Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions
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PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate its adoption. Tether, nonetheless, stated it will uphold OFAC […]
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What’s New Here!

  • SKALE Network Solves Scalability, Q1 Adoption Soars On Gas-Less Blockchain
  • Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions
  • Can Ripple XRP Hit $0.75 By This Weekend?
  • Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows

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