News

BlockBeats News, January 11th, according to Arkham monitoring, in the past 20 minutes, a certain Polygon team-related address has deposited a total of 20 million POL to an exchange and GSR Markets addresses, worth nearly $3.5 million.

PANews, January 11—According to The Wall Street Journal, Tether’s rise as the world’s leading stablecoin was partly influenced by Maduro, as Tether has become an important tool for Petróleos de Venezuela (PdVSA), the Venezuelan state oil company, to circumvent sanctions. It is used as a settlement currency for oil transactions and has provided an economic lifeline for Venezuelans suffering from the sharp devaluation of their national currency, the bolívar. A Tether spokesperson responded that the company complies with all applicable U.S. and international sanctions regulations, works closely with U.S. authorities including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses associated with illegal activities or sanctions violations upon legitimate request.

BlockBeats News, January 11th, according to The Wall Street Journal , Venezuelan President Maduro has helped propel Tether to become the world's most prominent stablecoin. USDT is an essential tool for Venezuela's national oil company (Petróleos de Venezuela, known as PdVSA) to circumvent sanctions, used as the currency for oil trade settlement, and also providing an economic lifeline to the Venezuelan people who have been suffering from their national currency's sharp depreciation. A Tether spokesperson responded to this, stating that Tether complies with all applicable U.S. and international sanctions regulations, closely cooperates with U.S. authorities, including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses associated with illegal activities or violations of sanctions upon legitimate requests.