Economist: 80% of Venezuela's oil sales revenue is settled in USDT

According to Bitcoin.com, 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 grown to over 1 million barrels per day, generating annual revenue exceeding $12 billion, 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.