⚡ Due to the growing scarcity of U.S. dollars in the country, the Venezuelan government has authorized the gradual use of USDT in private sector exchange houses.
📊 Key Insights:
USDT is now used in exchange operations with state-approved wallets ✅
In July, crypto sales hit $119M in the private sector 💰
The Central Bank of Venezuela (BCV) has cut dollar injections by 14% this year 📉
PDVSA, the state oil company, is increasing its use of USDT for sales transactions ⛽
🔥 This marks a strategic shift in Venezuela’s currency management, allowing businesses to receive, trade, and pay with crypto to keep the economy running.
👉 As Vice President Delcy Rodríguez said: these are “non-traditional management mechanisms” to sustain the exchange market.
💡 USDT is more than just a stablecoin – in Venezuela, it’s becoming economic infrastructure.
