Venezuelans Turn to USDT on P2P Markets as Bolivar Crisis Deepens
Venezuelan retail users have shifted toward USDT on P2P platforms as a practical hedge against the bolivar's rapid depreciation, favoring TRON-based USDT for its lower fees and faster settlement. Peer-to-peer marketplaces have become the primary on‑ramp and off‑ramp for everyday transactions and remittances, allowing citizens to preserve purchasing power and move funds without relying on traditional banking rails.
Separately, multiple reports indicate the regime has been channeling oil revenues into TRON-based USDT, allegedly using the stablecoin to store value and facilitate cross-border payments. The twin adoption by private users and state actors underscores stablecoins' growing role in crisis economies, with implications for liquidity, capital controls, sanction exposure, and potential regulatory scrutiny of P2P markets and on‑chain flows.