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

Share This Post

Venezuelan State Oil Company PDVSA to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC SanctionsPDVSA, 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 […]

Read Entire Article
spot_img

Related Posts

Crypto Analyst Says Cardano “Ready For A Parabolic Bull Run,” Here’s Why

An analyst has explained how, if the historical pattern followed by the ADA price is to be believed, Cardano seems ready to go on a parabolic bull run Cardano May Be Set For A Bull Run Based On

Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of US banks are at risk

Challenging the notion of ‘Stag’ or ‘Flation’

Quick Take Federal Reserve Chair Jerome Powell dismissed concerns about stagflation following the release of the latest US economic data In his speech following the Fed’s decision to keep fed

Battle For Privacy: DOJ Targets Crypto Wallets, Stirring Major Concerns Over Digital Rights

The recent actions of the US Department of Justice (DOJ) have ignited a fierce debate on the future of financial privacy The crackdown on Wasabi Wallet’s service has raised significant concerns

Crypto Pundit Lists 4 Altcoins To Buy Once The Bitcoin Price Bottoms

Crypto analyst DonAlt has listed four altcoins he will buy once he believes that Bitcoin’s price has bottomed The analyst further provided insights into why he is particularly bullish on these

USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks

Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million While USDT operates across multiple
- Advertisement -spot_img