Venezuela's Crypto Economy Thrives Amid Financial Collapse

News Flash 2026-01-12 20:45

Venezuela is witnessing a significant shift towards a cryptocurrency-based economy as its traditional financial system collapses under hyperinflation and international sanctions. With the national currency, the Bolivar, losing its value, cryptocurrencies like USDT have become essential for daily transactions and preserving wealth. Over 30% of Venezuelan businesses now accept cryptocurrencies, and about 9% of the $5.4 billion in annual remittances are conducted through crypto channels. The Venezuelan government has gradually allowed the use of USDT to maintain economic operations, as U.S. sanctions restrict dollar circulation. Cryptocurrencies have become a lifeline, with 80% of the country's oil revenue reportedly settled in USDT. This trend reflects a broader global shift where cryptocurrencies are increasingly seen as reliable alternatives to traditional financial systems, especially in regions facing economic instability and geopolitical risks.

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.