Wall Street Journal: Venezuela's state-owned oil company uses USDT to circumvent sanctions.

USDT is deeply entrenched in Venezuela, where the state-owned oil company PDVSA uses it to circumvent sanctions and where citizens use it as an alternative to the US dollar during periods of hyperinflation. Analysts expect the use of stablecoins to continue following the arrest of Nicolás Maduro. Tether stated that it complies with US and international sanctions and will cooperate with authorities to freeze wallets associated with illicit activities if necessary. (Wall Street Journal)