Venezuela's 80% of oil sales revenue is settled through USDT.

According to Mars Finance, local economist Asdrubal Oliveros revealed that approximately 80% of Venezuela's crude oil sales revenue is currently settled through stablecoins (particularly USDT). In the context of unilateral sanctions from the United States, cryptocurrency has become a core component of Venezuela's oil policy. Although the country's oil production has risen to over 1 million barrels per day, generating an annual revenue of over 12 billion USD, the government faces difficulties in clearing and distributing these digital assets, leading to bottlenecks in the forex market. Analysts point out that if sanctions persist, Venezuela may further transform into an economy reliant on stablecoin revenue.