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Venezuela's PDVSA uses USDT for crude and fuel exports amid US oil sanctions.
Venezuela's state-run oil company PDVSA is increasing its use of digital currency, USDT, in its crude and fuel exports amidst US oil sanctions.
The US Treasury Department did not renew a general license, making it difficult for the country to increase oil output and exports.
By adopting USDT, PDVSA aims to reduce the risk of sale proceeds being frozen in foreign bank accounts due to the sanctions.
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PDVSA de Venezuela utiliza USDT para exportaciones de crudo y combustible en medio de sanciones petroleras de Estados Unidos.