#加密生态动态追踪 Venezuela living on USDT—what does this tell us?

Amid over 170% hyperinflation, the Bolivar (VES) has completely collapsed. The banking system is unreliable, the local currency continues to depreciate, and the economic system is on the brink of collapse—traditional finance can no longer save the ordinary people of this country. But one thing has saved them: cryptocurrency.

It's not speculation; it's survival.

According to Chainalysis's latest global cryptocurrency adoption index, Venezuela ranks 18th worldwide, and when adjusted for population, it jumps directly to 9th. TRM Labs's data is even more striking, placing Latin America at 11th in activity. The most remarkable part is that over 38% of IP traffic points to crypto platforms offering P2P functions—what does this indicate? It shows that this isn't marginal demand; it's a necessity.

In this crypto salvation, stablecoins have become the real heroes. Data from 2024 shows that in crypto transactions under $10,000, stablecoins account for as much as 47%. USDT is especially widely used for daily payments, currency exchanges, and cross-border transfers. Why? Because it solves two problems at once: preserving value and enabling transactions. The local currency is unreliable, foreign currencies are hard to access, but USDT can do both.

Even more astonishing, the Venezuelan government not only accepts all this but actively promotes it. Oil export revenues (mainly from China) are fully settled in cryptocurrency, then reinjected into the domestic economy—this is how the world's first large-scale country to manage public finances with cryptocurrency has been born.

Of course, cryptocurrency can't solve fundamental issues. The gap between official and black market exchange rates remains at 50%, and the root causes of hyperinflation still exist. But that doesn't matter. What's important is that it gives people a breathing space, proving how resilient crypto assets can be in extreme economic environments.

For investors? This is a signal: stablecoins are not just risk hedging tools but real, sustained, and hard demand. In an uncertain world, this kind of essential sector is where profits are made.