[Venezuela's Oil Exports Widely Use USDT Tether Reaffirms Compliance with International Sanctions] According to The Wall Street Journal, Tether's USDT has been used by Venezuela's state oil company (PdVSA) as a tool to circumvent sanctions, widely utilized for oil trade settlements while also providing economic support to citizens affected by the depreciation of the national currency, the Bolivar. A Tether spokesperson stated that the company strictly complies with U.S. and international sanctions regulations, maintains close cooperation with agencies such as the U.S. Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses involved in illegal activities or sanctions violations.