CoinVoice has learned that, according to The Wall Street Journal, Tether has played a certain role in enabling Maduro to become the world's leading stablecoin. Tether is an important tool for Venezuela's state oil company (Petróleos de Venezuela, or PdVSA) to evade sanctions, serving as a settlement currency for oil transactions, and providing a lifeline for Venezuelans suffering from the collapse of their national currency, the bolívar.

A Tether spokesperson responded that the company complies with all applicable U.S. and international sanctions regulations, works closely with U.S. authorities including the Office of Foreign Assets Control (OFAC), and regularly assists law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate requests.