Venezuela’s PDVSA seeks refuge from US sanctions by turning to Tether (USDT) to navigate freezing foreign bank accounts. Tether, the largest stablecoin, remains silent amid PDVSA’s efforts to leverage USDT usage. PDVSA reportedly utilizes intermediaries for crypto trades to obscure transactions. Shiba Inu raises $12 million in token sale for a privacy-focused blockchain, attracting investment from various firms. FalconX introduces Prime Connect, ensuring institutional funds’ safety with post-trade settlement and custody solutions amid industry concerns post-FTX collapse.
First Mover Americas: Venezuela Looks to Tether for Oil Sales as Sanctions Return
