PDVSA's adoption of USDT has surged since the U.S. reinstated sanctions amid concerns about Venezuela's upcoming election.
Ardoino also explained which is Tether's main market and why the company doesn't care about DeFi.
The Venezuelan government is once again turning to crypto to circumvent US sanctions, this time, in its oil and gas…
A rising stablecoin market cap indicates capital inflows into the crypto market.
The launch of USDT and XAUT on TON expands Tether's presence across the crypto sphere.
In line with its new framework, Tether has launched different initiatives: Tether Edu, Tether Power, and Tether Data.
Adeyemo emphasized the necessity of enhancing secondary sanctions capabilities within the Treasury, directed towards digital asset providers.
As USDT expands its presence on Tron, so do illicit activities on the network.
The amendment will come into effect on April 10.
USDT's market cap is currently more than $106.6 billion.