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flag Venezuela's PDVSA uses USDT for crude and fuel exports amid US oil sanctions.

flag 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. flag The US Treasury Department did not renew a general license, making it difficult for the country to increase oil output and exports. flag 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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