Stablecoin Adoption Surges in Venezuela During Economic Turmoil
Stablecoin adoption in Venezuela is accelerating as businesses seek to bypass strict currency controls and protect themselves from rapid devaluation.
While the government pegs the official dollar rate far below market levels, stablecoins like USDT trade freely at premiums of 40–50%, making them a more reliable option for payments and savings. Companies now use stablecoins to settle supplier and employee payments, manage cash flow, and even conduct cross-border transactions.
Local managers report using stablecoin arbitrage to preserve value, while government crackdowns on peer-to-peer markets push more activity into crypto channels. Reports also suggest Venezuela may consider accepting oil payments in stablecoins to leverage similar advantages.
Clever Robot News Desk 25th August 2025
