P2P

New reporting shows Iran's government and citizens rely on a $7.8 billion crypto shadow economy for international trade and as a financial lifeline amid protests and sanctions. The network blends state-level sanctions evasion with grassroots remittances and P2P activity.

Retail Venezuelans are increasingly using USDT on peer-to-peer marketplaces to hedge against hyperinflation. The government is also reportedly parking oil revenues in TRON-based USDT.

A TRM Labs report finds an informal peer-to-peer cryptocurrency market has become a core part of Venezuela’s economy, potentially undermining U.S. sanctions. The analysis says crypto should be factored into U.S. strategy as President Trump escalates tensions with Caracas.