Wall Street Journal Report: Venezuela's Use of USDT and Tether's Compliance with Sanctions Regulations

Anon4461 · 2026-01-28T13:18:47+00:00

According to a recent Wall Street Journal report, Tether plays a crucial role in Venezuela's international transactions under President Maduro's leadership. USDT is widely used by the state oil company PDVSA for international trade, facilitating sanctions evasion while providing economic support amidst the devaluation of the bolívar. Tether asserts compliance with international sanctions and collaborates with U.S. authorities to freeze addresses linked to illicit activities. The report highlights Tether's influence in the global financial system and its cooperation with regulators.

Anon4461

2026-01-28 13:18:47

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According to recent reports by The Wall Street Journal, Tether (USDT) plays a key role in Venezuela’s international transactions promoted by President Maduro. According to a report by PANews, USDT is widely used as a payment method for PDVSA’s international transactions.

Tether as a Key Channel for Sanctions Evasion

Venezuela has long been affected by international sanctions, and USDT has played an important role in this process. As PDVSA exports oil and uses USDT as a settlement currency, Tether has essentially become a primary means of sanctions evasion. At the same time, USDT serves as an economic lifeline for Venezuelans suffering from the rapid devaluation of the bolivar.

Tether’s Commitment to Sanctions Compliance and OFAC Cooperation

In this context, Tether has issued a clear statement. A Tether spokesperson reiterated that the company strictly complies with U.S. and international sanctions regulations. They are particularly closely cooperating with U.S. authorities, including the Office of Foreign Assets Control (OFAC), and immediately freezing wallets associated with sanctions violations or illegal activities. Tether also stated that it regularly supports law enforcement agencies upon legitimate requests.

This report by The Wall Street Journal highlights Tether’s influence within the international financial system and its cooperative relationship with regulatory authorities.

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