An exclusive report from Reuters claimed that Venezuela’s state-run oil company, PDVSA, has been using cryptocurrencies to facilitate its crude oil and fuel exports. The country is facing new oil sanctions reimposed by the United

Venezuela's state-run oil company PDVSA is accelerating its use of digital currency, specifically USDT (Tether), for crude and fuel exports. This strategy, enacted in reaction to the reapplication of U.S. oil sanctions, aims to prevent the freezing of revenue in foreign bank accounts.