USDT becomes Venezuela’s real currency.
By Maxime Laurent · 2025-10-06 12:09
USDT becomes Venezuela’s real currency.
Hyperinflation turns $USDT into the country’s daily money.
It finally happened — in Venezuela, $USDT has effectively replaced the bolívar. With inflation soaring to 229%, people have lost all trust in the national currency. Shops, restaurants, and landlords now set prices directly based on Binance P2P rates, making the stablecoin the de facto unit of account.
Most transactions happen on the TRON (TRC-20) network — it’s cheap, fast, and easy to use via QR codes. You can buy groceries, pay rent, or even get your salary in $USDT. Businesses rely on it to keep operations running while the traditional banking system fades into irrelevance.
The government hasn’t officially legalized crypto-dollars, but by quietly allowing them, it’s avoiding total collapse. In a way, USDT became the country’s emergency monetary policy — digital, borderless, and outside state control.
It’s wild to witness: a stablecoin once meant for traders is now literally feeding families.
#USDT #Venezuela #Stablecoins #DeDollarization #CryptoAdoption 💵🌎
Hyperinflation turns $USDT into the country’s daily money.
It finally happened — in Venezuela, $USDT has effectively replaced the bolívar. With inflation soaring to 229%, people have lost all trust in the national currency. Shops, restaurants, and landlords now set prices directly based on Binance P2P rates, making the stablecoin the de facto unit of account.
Most transactions happen on the TRON (TRC-20) network — it’s cheap, fast, and easy to use via QR codes. You can buy groceries, pay rent, or even get your salary in $USDT. Businesses rely on it to keep operations running while the traditional banking system fades into irrelevance.
The government hasn’t officially legalized crypto-dollars, but by quietly allowing them, it’s avoiding total collapse. In a way, USDT became the country’s emergency monetary policy — digital, borderless, and outside state control.
It’s wild to witness: a stablecoin once meant for traders is now literally feeding families.
#USDT #Venezuela #Stablecoins #DeDollarization #CryptoAdoption 💵🌎
Disclaimer: This content is for informational purposes only and not financial advice.