USDT Trading in Venezuela Reaches 44 Million Daily

In episode 46 of Separating Money and State, Aníbal Garrido, founder of the BTC Academy at Andrés Bello Catholic University, highlights that USDT trading in Venezuela has grown, reaching 44 million USDT daily in the P2P of an exchange, a volume comparable to oil trading. This occurs despite the injection of foreign currency and the easing of OFAC sanctions. Garrido explains that the dollars that enter are limited in electronic accounts, while USDT can be moved quickly. He also mentions the tokenization of real assets like oil and gold as the next frontier in Venezuela, emphasizing the need for effective regulation for these assets. Garrido also points out that there are operators in Binance's P2P with orders of 50,000, 100,000, and 200,000 USDT. Companies in Venezuela are using cryptocurrencies for their treasuries, and some opt for MPC schemes. Fred Ehrsam, co-founder of Coinbase, has visited Venezuela with interest in the oil sector. Bitfinex Securities has issued a report on tokenization in the country. The market cap of stablecoins has grown from less than 50 billion dollars five years ago to over 300 billion in 2025. Garrido warns about cyclical collapses in the sector and the exposure of users without knowledge of decentralization.

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