Venezuela settles 80% of its oil sales revenue in USDT.

According to Mars Finance, market sources indicate that local economist Asdrubal Oliveros revealed that approximately 80% of Venezuela's crude oil sales revenue is currently settled through stablecoins (especially USDT). Against the backdrop of unilateral US sanctions, cryptocurrencies have become a core component of Venezuela's oil policy. Although the country's oil production has grown to over 1 million barrels per day, generating over $12 billion in annual revenue, the government faces difficulties in clearing and distributing these digital assets, leading to bottlenecks in the foreign exchange market. Analysts point out that if sanctions continue, Venezuela may further transform into an economy reliant on stablecoin revenue.