ChainCatcher news, according to market news, local economist Asdrubal Oliveros revealed that approximately 80% of Venezuela's crude oil sales revenue is currently settled through stablecoins (especially USDT). In the context of unilateral sanctions by the United States, cryptocurrency has become a core component of Venezuela's oil policy.

Although the country's oil production has grown to more than 1 million barrels per day, with annual revenues exceeding 12 billion dollars, the government is facing difficulties in clearing and distributing these digital assets, leading to bottlenecks in the foreign exchange market. Analysts point out that if sanctions persist, Venezuela may further transform into an economy reliant on stablecoin revenue.