According to WSJ, Tether played a key role in helping Venezuela's state-owned oil company bypass international sanctions, being used as a settlement currency for oil transactions. After sanctions escalated in 2020, Venezuela's state-owned oil company PdVSA began requiring export payments to be settled in USDT to circumvent the traditional banking system. Oil export revenues were either directly transferred to designated wallet addresses or converted into USDT through intermediaries. Local economists estimate that around 80% of oil revenues are collected via stablecoins like USDT. Meanwhile, against the backdrop of the continued devaluation of the national currency, the Bolivar, USDT has also provided an important financial lifeline for ordinary Venezuelans. Analysts believe that Maduro's arrest will not weaken the use of USDT locally; instead, it may prompt U.S. law enforcement agencies to leverage blockchain technology to track funds suspected of being diverted or embezzled. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54898