Key Notes

The Venezuelan government has permitted the expanded use of USDT stablecoins through approved banks since June 2025, amid severe dollar shortages.

State oil company PDVSA transitions crude sales to USDT payments as traditional banking channels face US sanctions restrictions.

Private local firms purchased $119 million worth of cryptocurrencies in July as an alternative to scarce traditional dollar exchanges.

Venezuela’s government has quietly implemented a policy allowing increased use of Tether USDT $1.00 24h volatility: 0.0% Market cap: $168.34 B Vol. 24h: $75.41 B for private sector currency exchanges since June, as US sanctions severely restrict dollar availability, according to multiple sources familiar with the matter.

The South American

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