Bitcoin News

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

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


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 […]

Click Here to Read the Full Original Article at Bitcoin News…