Venezuela’s reliance on US-dollar peg stablecoins could deepen amid a new threat of war, continued sanctions and Bolívar’s hyperinflation.
Earlier this week, the United States Department of Defense deployed the most advanced aircraft carrier in the Caribbean near Venezuela, while President Donald Trump signed plans to conduct military strikes against drug cartels that operate throughout the South American country.
Trump has accused Venezuelan cartels of smuggling illicit substances into the US, fueling the narcotics epidemic. Venezuelan president Nicolás Maduro dismissed the claims, asking Trump to refrain from starting a war.
Just in: 🇻🇪🇺🇸 Venezuelan president Nicolas Maduro says he does not want war with the United States.
“No crazy war … please, please, please.” pic.twitter.com/d3xwzeigsy
– BRICS NEWS (@BRICSINFO) October 24, 2025
It could spell even more financial stability for everyday Venezuelans, already rely on StableCoins like tether (USDT) to prevent their hard-earned savings from evaporating amid triple-digit inflation in Bolívar.
StableCoins, or what many Venezuelans refer to as “binance dollars,” are also widely used in daily payments as US dollar reserves across the country dwindle.
The Venezuelan government has also adjusted StableCoins to facilitate oil trading with its allies, including Russia, where it formal A Strategic Partnership on Monday.
The New York Times reported Last Sunday Maduro managed to “rewire Venezuela’s economy to StableCoins” and could make it the first country to manage a large part of its public finances in crypto.
StableCoins, the New York Times reported, “Now account for up to half of the hard currency entering the Venezuelan economy legally.”
Venezuela ranks fourth in the adoption of Latam crypto
The triple-digit inflation and the sanctions contributed to the ranking of Venezuela as the fourth largest crypto country in Latin America by the amount received at $ 44.6 billion from July 2024 to June 2025, the crypto analytics platform chainalysis reported Earlier this month.
It trails only Brazil, Argentina and Mexico, all of which have larger populations than Venezuela.
A Venezuelan politician uses crypto to protect his assets
One of the most prominent crypto adopters in Venezuela is Maria Corina Machado, a former Venezuelan presidential candidate who uses Bitcoin (BTC) to protect his property from being confiscated.
He is awarded The Nobel Peace Prize earlier this month for his fight to restore democracy in Venezuela and his peaceful resistance against the authoritarian regime of Maduro.
For the first time in history, the Nobel Peace Prize has been awarded to a Bitcoiner.
Congratulations to Maria Corina Machado, and also to @HRF who continued to explain to the world what was clear to so many-
Bitcoin is a human right pic.twitter.com/92choieeeb
– Jeff Park (@DGT10011) October 10, 2025
Related: Javier Milei’s crypto-friendly party wins the Argentine midterm
Nearly 8 million Venezuelans have fled the country due to hyperinflation, food and medicine shortages and public unrest since Maduro came to power in 2013.
Many lost access to their bank accounts, forcing citizens to turn to crypto and stablecoins like USDT to maintain value and move Whatever wealth they have outside of Venezuela.
Magazine: Cliff buys 2 houses with bitcoin mortgages: smart … or crazy?
