First Mover Americas: Venezuela Looks to Tether for Oil Sales as Sanctions Return

PDVSA is reportedly trying to integrate more usage of USDT as a hedge against the freezing of foreign bank accounts. Tether is the world's largest dollar-pegged stablecoin. Tether did not respond to a request for comment by CoinDesk by press time. Reuters reported that PDVSA uses intermediaries when trading crypto in order to obfuscate the on-chain trail.

Cryptocurrency trading firm FalconX has introduced a new prime brokerage service to allow institutions to trade on exchanges while their funds remain in regulated, bankruptcy-remote custody. FalconX’s Prime Connect, unveiled on Tuesday, also includes post-trade settlement, institutional-grade credit, and portfolio margining, the company said in a press release shared with CoinDesk. Deribit, the world's leading crypto options exchange, is the first to integrate FalconX's prime broking and custody solution.

If the yield exceeds 5% for an extended period, risk assets like stocks and cryptocurrencies, could fall out of investor favor.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Source: Digital Coin News (digitalcoinnews.net)

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