Discover the latest buzz from Latin America's crypto and economic scene! In this roundup, find out about Venezuela's potential use of USDT to bypass sanctions, Chivo Wallet's denial of hacking rumors, and Nubank's expansion of crypto services in Brazil.

Venezuela is considering using USDT, a stablecoin tied to the US dollar, to navigate around sanctions imposed by the United States. Reports suggest that PDVSA, Venezuela's state-owned oil company, may increase its acceptance of USDT payments due to renewed US sanctions. This move comes amidst efforts to comply with General License 44A, which allows companies to wind down business with Venezuelan oil entities by May 31.

Chivo Wallet, the official cryptocurrency wallet in El Salvador, has refuted claims of being linked to a data breach affecting over 5 million Salvadorans. Despite reports of leaked personal information, including names, IDs, and addresses, Chivo Wallet asserts that its security measures have not been compromised. They reassure users that their data remains protected.

Meanwhile, Nubank, a leading fintech company in Brazil, is expanding its cryptocurrency services. Following the introduction of cryptocurrency buying and selling, Nubank now offers enhanced features, including deposits and withdrawals for bitcoin, ether, and solana. Users are advised to verify recipient wallets carefully before completing transactions, as crypto transactions are irreversible and may take up to 60 minutes to process.

In summary, Latin America is witnessing significant developments in the crypto space, with Venezuela exploring alternative payment methods, Chivo Wallet standing firm against hacking allegations, and Nubank expanding its crypto offerings. These advancements reflect the region's growing interest and involvement in the world of digital currencies.