Wall Street Journal: Tether is an important tool for Venezuela's state oil company to circumvent sanctions

DeepFlowTech · 2026-01-11T11:41:18+00:00

Tether, as a major stablecoin, plays an increasingly prominent role in Venezuela, helping the government evade sanctions and providing economic support to the public. A Tether spokesperson stated that they will comply with laws and sanctions regulations and cooperate with U.S. authorities to address illegal activities.

DeepFlowTech

2026-01-11 11:41:18

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Deep Tide TechFlow News, January 11th, according to The Wall Street Journal, Tether’s ability to serve as the world’s leading stablecoin has played a role for Maduro, as Tether is an important tool for Venezuela’s state oil company (Petróleos de Venezuela, or PdVSA) to evade sanctions. It is used as a settlement currency for oil transactions and provides an economic lifeline for Venezuelans suffering from the collapse of their national currency, the bolívar.

A Tether spokesperson responded that the company complies with all applicable U.S. and international sanctions regulations, works closely with U.S. authorities including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate requests.

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