2026-01-04 12:27:23

Cryptocurrency Redemption in the Face of High Inflation Crisis

Amid an economic predicament where the annual inflation rate reached 229%, Venezuelan citizens have found a different path—massive adoption of cryptocurrencies. During the 2024-2025 period, local crypto trading volume has surpassed $44.6 billion, with stablecoins accounting for over $22 billion of that volume. This is not hype; genuine economic demand is driving it.

Stablecoins as Hard Currency

In daily economic activities such as grocery shopping, signing real estate contracts, receiving salaries, and cross-border remittances—more and more people are bypassing traditional banking systems and directly using USDT for P2P transactions. The speed of this shift is astonishing, with cryptocurrency usage increasing by 110% within a year. Adjusted for population size, Venezuela has climbed to the 9th position in global adoption rankings, only behind some countries and regions with high penetration of traditional cryptocurrencies.

Stablecoins Breakthrough in Oil Trade

Facing comprehensive economic sanctions, Venezuela’s state oil company has made bold innovations—80% of oil export settlements are now conducted using USDT. Funds flow into the country through Asian intermediaries, bypassing financial blockade sanctions and maintaining an average daily export of 856,800 barrels. This has pioneered a new cross-border settlement model combining commodities and stablecoins, also validating the real value of crypto assets in extreme economic environments.

Lessons from the Failure of Official Cryptocurrencies

The Petro, launched in 2018, once boasted great momentum, claiming to be backed by oil reserves and pegged to fiat currency. But reality was harsh—the project ultimately nearly zeroed out and disappeared from the market entirely. This case profoundly illustrates a truth: the survival of cryptocurrencies never depends on official endorsement but on whether the market truly recognizes and needs them.

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SerumSurfer

· 11h ago

Stablecoins have no politics, only market demand. This is the true value of encryption.

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BoredApeResistance

· 15h ago

Genuine demand > official endorsement. I saw the oil coin wave before, do you want to see it a second time?

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ForkThisDAO

· 22h ago

Really, a trading volume of 44.6 billion USD? That's higher than the GDP of some countries. USDT is the real hard currency, much more reliable than any official currency. I still remember the joke about the oil coin; what use is official endorsement? Venezuela's recent actions truly validate the essential need for crypto, not just speculation. 80% of oil is settled in USDT, this is the power of the market. The use of stablecoins to bypass sanctions really feels a bit genius.

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NFTRegretDiary

· 01-05 00:58

Real-world scenarios expose all the hype coins. Venezuela has spoken with their feet in this wave. The oil coin was hyped up so much back then, but it still failed. Stablecoins doing real work is the true way. I really didn't expect USDT to be used for grocery shopping. When inflation hits 229%, fiat currency is as fragile as paper. This is where cryptocurrency truly shines, not in hype and speculation. Official coins are doomed; market choice is the ultimate truth.

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MEV_Whisperer

· 01-04 12:56

Venezuela's current situation is truly incredible, with a 229% inflation rate forcing people out. The matter of the oil coin reminds me of how many official projects are just scams in disguise, while USDT thrives most wildly in the wildest places, showcasing the power of the market.

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MevShadowranger

· 01-04 12:55

This is what real-world application looks like, not just theoretical technical discussions on paper.

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SandwichVictim

· 01-04 12:55

This is true peer pressure; the market is more honest than the government.

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AltcoinTherapist

· 01-04 12:53

Stablecoins have really saved Venezuela. The official currency has gone to zero, but no one is managing it. The gap...

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ProveMyZK

· 01-04 12:49

This is the real use case, not just talk. --- 229% inflation, USDT has become a hard currency. Sarcastic as it is, it makes sense. --- Oil coin's failure, yet they still boast. Look at how USDT is used—market speaks. --- Circumvent sanctions by settling oil with stablecoins? That’s brilliant. Financial innovation should be played like this. --- Venezuela has risen to the ninth position globally. Still say crypto has no practical use cases? --- Official coins vs. market coins: one goes to zero, the other saves lives. The gap is huge. --- 110% increase in usage rate. People are using USDT even for grocery shopping. This isn’t investment, it’s a necessity, my friend.

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DataChief

· 01-04 12:48

229% inflation rate, Venezuela has already reached the point of despair, but it has instead activated genuine demand for crypto. It's not FOMO speculation, but a way for people to survive. The case of the oil coin is really ironic; official intervention actually made things worse. It shows that the crypto world has never been about power, but about real liquidity. USDT accounts for 80% of settlement in oil trade? This is what stablecoins should be doing—much more practical than central bank digital currencies. Ah, this is the true value of crypto in extreme environments. It’s not about bragging in a bull market, but about saving lives in dire straits. Official coins are dead, but private stablecoins are thriving. Doesn’t this logic explain everything? But here’s the problem: once Asian intermediaries hit a bottleneck, how long can this system last?

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