Venezuela Now Liquidates More USDT Than US Dollars - Digital Currency Dominance Goes Global
Venezuela's financial system just flipped the script—USDT volumes now surpass dollar liquidations in a stunning crypto adoption case study.
The Dollar's Digital Disruption
Traditional finance watches as dollar-pegged stablecoins bypass sanctions and banking bottlenecks. Government entities process larger USDT volumes than greenbacks—no middlemen, no delays.
Sanction-Proof Settlements
Hyperinflation meets hyper-efficiency. Tether transactions cut through economic barriers that crippled fiat systems. The bolivar's collapse accelerated what crypto advocates predicted for years.
Global Implications
Other inflation-ravaged nations study Venezuela's playbook. When your currency becomes wallpaper, digital dollars look mighty attractive—even if Wall Street analysts still call it a 'phase.'
Meanwhile, traditional bankers clutch pearls while counting their shrinking fee revenue—turns out people prefer financial tools that actually work during crises.
Venezuela’s Oil Firms Receive USDT Instead of the US Dollar
Venezuela’s State-owned oil company PDVSA, recently received payments in the USDT and not the US dollar. According to a recent report from Reuters, the Central Bank WOULD assign the USDT resources directly to companies that receive payments in previously approved wallets.
Moreover, Venezuela cannot escape sanctions by using the USDT for a longer period. USDT stablecoins are centralized assets and can be frozen at any time. There are both advantages and disadvantages of using it simultaneously. Even USDT’s parent company, Tether, is closely monitoring the situation. A spokesperson from Tether said that the company is