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TEXXR

Chronicles

The story behind the story

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A look at Tether's role in Venezuela's economy, which puts it in a prime position to aid the U.S. as it seeks to find funds allegedly stolen by Maduro's regime

The stablecoin served as a tool to avoid sanctions and a lifeline for everyday citizens  —  Nicolás Maduro helped make tether the world's dominant stablecoin.

Wall Street Journal Vicky Ge Huang

Discussion

  • @wublockchain Wu Blockchain on x
    CNBC: U.S. May Seize Venezuela Crypto Assets On January 5, 2026, CNBC reporter MacKenzie Sigalos reported that the Venezuelan government has attempted to use the stablecoin Tether to conduct oil transactions in order to circumvent sanctions, with portions of the proceeds moved [v…
  • @marionawfal Mario Nawfal on x
    🚨🇺🇸🇻🇪 U.S. THREATENS TO GRAB VENEZUELA'S BITCOIN VAULT USED TO DODGE SANCTIONS - 600,000 BTC The U.S. is now eyeing Venezuela's hidden crypto stash, yeah, the one they've allegedly been using to sell oil behind the world's back and move cash through Bitcoin and Tether. Rumors [vi…
  • @inca_digital @inca_digital on x
    How did Tether become central to Venezuela's economy and U.S. sanctions enforcement? 🇻🇪 In today's @WSJ article, Inca Digital CEO Adam Zarazinski explains why crypto use in Venezuela will persist and likely expand despite Maduro's arrest. For everyday Venezuelans, crypto is a
  • @wsjmarkets @wsjmarkets on x
    Tether emerged as a vital tool for Venezuela's state-run oil company to sidestep sanctions, and it has also offered a financial lifeline to everyday Venezuelans https://www.wsj.com/...
  • r/Buttcoin r on reddit
    Maduro's Crypto-Backed Oil Deals Put Tether at Center of Venezuela Money Drama