Venezuela's state-owned oil company, Petróleos de Venezuela (PdVSA), is heavily utilizing Tether (USDT) as a settlement currency to navigate international sanctions, according to a Wall Street Journal report. This strategic use of USDT provides a crucial economic support for the country, which is grappling with the depreciation of its national currency, the bolivar. Tether has emphasized its strict adherence to U.S. and international sanctions. A company spokesperson stated that Tether collaborates closely with U.S. authorities, including the Office of Foreign Assets Control, and assists law enforcement in freezing addresses linked to illegal activities or sanctions violations when requested.