According to a report in The Wall Street Journal, Tether is at the center of a money drama involving Venezuelan oil deals that are backed by cryptocurrency. The report suggests that the use of crypto assets in these deals has placed Tether, a stablecoin issuer, in a prominent position regarding Venezuela's financial activities. The article highlights the increasing intersection of cryptocurrency and international finance, particularly in nations seeking alternative methods for conducting trade and circumventing traditional financial systems.

According to a report in The Wall Street Journal, Tether is at the center of a money drama involving Venezuelan oil deals that are backed by cryptocurrency. The report suggests that the use of crypto assets in these deals has placed Tether, a stablecoin issuer, in a prominent position regarding Venezuela's financial activities. The article highlights the increasing intersection of cryptocurrency and international finance, particularly in nations seeking alternative methods for conducting trade and circumventing traditional financial systems.