TechFlow news, December 22 — According to News.bitcoin, local economist Asdrubal Oliveros revealed that around 80% of Venezuela's crude oil revenue is currently settled via stablecoins, particularly USDT. Amid unilateral U.S. sanctions, cryptocurrencies have become a core component of Venezuela's oil policy. Although the country's oil production has increased to over one million barrels per day, generating annual revenues exceeding $12 billion, the government faces difficulties in liquidating and distributing these digital assets, causing bottlenecks in the foreign exchange market. Analysts suggest that if sanctions persist, Venezuela may further transform into an economy reliant on stablecoin revenues.
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