Venezuela Just Opened the Crypto Floodgates—And It Could Change How Sanctioned Nations Do Business Forever
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The cash-strapped Venezuelan government just quietly unleashed a cryptocurrency revolution that could rewrite the playbook for how sanctioned nations survive economic warfare. As U.S. restrictions choke off traditional dollar flows, Venezuela President Nicolás Maduro’s regime is betting big on dollar-pegged digital currencies to keep its economy breathing—and the implications stretch far beyond Caracas.
Since June, Venezuela has dramatically expanded its use of USDT, the controversial stablecoin better known as Tether, allowing currency exchanges for private sector businesses that can no longer access traditional dollars,…
