Venezuela’s Growing USDT Reliance May Aid Sanctions Evasion Amid US Tensions, TRM Report Suggests

Venezuela's crypto economy has become integral amid U.S. sanctions and economic turmoil, with informal peer-to-peer trading of stablecoins like USDT enabling daily transactions and potentially aiding sanctions evasion, per a TRM Labs report. Sanctions and banking isolation have driven Venezuela's shift to cryptocurrency as a vital economic lifeline. Stablecoins, particularly USDT, now support everyday financial [...]