Home / General / Tether Freezes $182 Million in Stablecoins as Reports Point to Heavy Crypto Use by Venezuela

Tether Freezes $182 Million in Stablecoins as Reports Point to Heavy Crypto Use by Venezuela

There’s a new spotlight on crypto that’s used to avoid sanctions after the abduction of Venezuelan President Nicolas Maduro.

Over the weekend, The Wall Street Journal reported on the use of stablecoins, specifically Tether’s USDT, to circumvent sanctions imposed by the United States on Venezuela. The report indicates PdVSA, which is the country’s state-run oil company, beg… [4667 chars]

Source: Gizmodo | Published: 2026-01-12T20:45:30Z

Credit: Gizmodo

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