Author: J V

Venezuela’s PDVSA Embraces USDT: A Game-Changer in Oil Trading

In a move that underscores the evolving landscape of global finance, Venezuela’s state-owned oil company, PDVSA, has made a significant shift in its trading practices. Embracing the world of cryptocurrencies, PDVSA has announced its exclusive adoption of Tether (USDT) for selling its oil products. This decision comes as a strategic maneuver to safeguard its revenue amidst mounting creditor pressure and the complexities of the traditional banking system.