Tether’s USDT Stablecoin Takes Center Stage After Maduro’s Arrest
The post Tether’s USDT Stablecoin Takes Center Stage After Maduro’s Arrest appeared on BitcoinEthereumNews.com.
The Tether stablecoin, called USDT, has made headlines amid the news of the arrest of the Venezuelan President Nicolás Maduro for the significant influence on Venezuela’s oil market and economy. Stablecoins such as USDT are pegged to support a substantial part of Venezuela’s oil income. Following the United States’ capture and extradition of Venezuelan leader Nicolás Maduro earlier in the month, the role of Tether’s USDT stablecoin in the economy of Venezuela has come into renewed focus. USDT, being a stablecoin pegged on the value of the US dollar, is an integral part of the country of Venezuela’s oil-for-payment system and economy, having limited access owing to sanctions by the United States. It has been indicated in recent reports that stablecoins are currently playing an integral part in facilitating almost 80% of Venezuela’s oil flows. It can thus be comprehended that the importance of digital dollars has assumed almost integral prominence in Venezuela’s oil infrastructure. Such indices also highlight an enduring shift in payment flows in Venezuela. USDT of Tether has generally been adopted in the settling of crude oil sales between Petróleos de Venezuela S.A. (PDVSA) and other government-related entities and buyers who may otherwise be unable to complete transactions due to possible banking disconnections due to sanctions. Stablecoins can provide instant payment in a dollar-related pricing mechanism even in a setting where disconnections have occurred in the financing rails. From Payments for Oil to Using It In addition to commodity settlement, USDT is also widely used as an instrument of payment by Venezuelans who are experiencing the effects of hyperinflation and Bolivar reduction in the value. This is due to the decline in the Bolivar to almost nothing in the past decade, and as a result, people have turned to USDT as an instrument of payment. The peer-to-peer…
Filed under: News - @ January 12, 2026 12:25 pm