Venezuela Uses USDT to Evade Sanctions and Keep Oil Flowing – You Won’t Believe How!

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Hold onto your wallets, folks! Venezuela’s latest stunt to dodge US sanctions involves USDT-and no, it’s not some weird crypto dating app.

The Venezuelan government is cashing in on USDT to get paid for their crude oil shipments. Yes, you read that right. They’re basically saying, “No dollar? No problem!” and using this stablecoin to sidestep the blockchain blockade. Genius? Slightly risky? Definitely!

Venezuela Leverages USDT to Receive Crude Sale Settlements (Because Who Needs US Dollars Anyway?)

In a world where economic crises and sanctions are basically Venezuela’s default settings, they’re turning to USDT-the big, stable, and slightly scandalous stablecoin-to keep their oil money flowing. It’s like switching from a rusty bike to a Tesla-kinda flashy, kinda risky, but hey, it gets the job done.

Local economist Asdrubal Oliveros, probably tired of the endless oil saga, explained during a recent interview that Venezuela is increasingly using USDT in their corporate treasuries. Because why not make your money look like a crypto game of Monopoly?

He declared:

“Lately, due to oil market craziness, Venezuela’s been accepting settlements in USDT. They’re even working on ways to sell these stablecoins-because apparently, regular money is so last century.”

Oliveros further pointed out that this whole scheme keeps the U.S. dollar out of the picture. Instead, the government sells USDT to companies, who then use it to buy services or stash away some dollar liquidity-kind of like crypto musical chairs.

Other sources whisper that these stablecoin transactions are happening behind closed doors at state banks, with select companies holding all the secrets in pre-approved wallets. But hey, official statements? Crickets. Nobody’s officially saying, “Yep, that’s totally happening.”

And surprise! Reports from last year reveal that over half of PDVSA’s oil shipments in 2024 paid in stablecoins. Because what’s more American than paying in a currency that technically isn’t the U.S. dollar but basically is?

Of course, relying on USDT has its risks. The big, bad US government can freeze funds anytime, like that one friend who cut you off after you borrowed their hoodie-suddenly, no money.

According to Ecoanalitica, a local economic think tank, over $119 million flowed into Venezuela’s private sector via USDT just last July. Well, at least someone’s making it rain in crypto!

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2025-09-04 12:03