USDT trading in Venezuela at one point reached about 75% of the country’s monthly oil export value, according to Techub, citing CryptoBriefing. Economist Asdrúbal Oliveros told The Wall Street Journal that roughly 80% of Venezuela’s oil revenue is expected to be settled in USDT by early 2026. State oil company PDVSA has required oil payments to be prepaid in USDT since 2023. Chainalysis data also showed that Venezuela’s total crypto transaction volume hit $44.6 billion in the 12 months through June 2025. At the same time, Tether has frozen multiple wallets tied to sanctions evasion concerns, adding to the compliance debate around stablecoin use in cross-border trade and energy-related settlements.
USDT trading in Venezuela at one point reached about 75% of the country’s monthly oil export value.
Economist Asdrúbal Oliveros told The Wall Street Journal that about 80% of Venezuela’s oil revenue is expected to be settled in USDT by early 2026.
State oil company PDVSA has required oil payments to be prepaid in USDT since 2023. Chainalysis said Venezuela recorded $44.6 billion in total crypto transaction volume in the 12 months through June 2025.
Tether has frozen multiple batches of wallets linked to sanctions evasion, a move that has triggered compliance discussions.
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