💥💥110 Billion Dollar Tether (USDT) Will Block These Addresses 💥💥

Tether, one of the world's leading stablecoins, decided to block wallets trying to bypass sanctions in Venezuela.

Tether implemented the decision to freeze wallets using USDT in order to bypass US sanctions on oil sales in Venezuela.

Venezuela's state oil company PDVSA has begun using USDT more heavily to get around U.S. sanctions, Reuters reported this week.

Tether froze 41 wallets on the sanctions list of the US Treasury Department's Office of Foreign Assets Control (OFAC) in December.

"At Tether, we respect OFAC's Specially Designated Nationals (SDN) list and are committed to taking the necessary steps to appropriately freeze sanctioned addresses," the Tether team said. said.

PDVSA aims to prevent the freezing of assets in foreign bank accounts by using USDT in oil sales. The company works with brokers to hide traces on the blockchain.

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