Summary
Venezuela’s state-run oil company began experimenting with Tether in 2023 in an effort to bypass US sanctions and access international markets.
Key Points
1. Venezuela’s state-run oil company began experimenting with Tether in 2023, showing a potential shift towards the use of cryptocurrencies in the country’s economy.
2. The use of Tether by a major state-owned entity in Venezuela highlights the growing acceptance and adoption of digital assets in traditional industries.
3. This move could have significant implications for the future of cryptocurrency usage in Venezuela and may pave the way for further integration of digital currencies into the country’s financial system.