In Venezuela, the stablecoin USDT has effectively become the country’s main currency.
Amid hyperinflation of 229%, residents are widely using USDT instead of the national bolívar. Prices in stores and services are pegged to Binance P2P exchange rates, making the stablecoin the de facto unit of account.
The shift is driven by the collapse of the bolívar, cash dollar shortages, and the convenience of digital payments. Most transactions occur on the TRON (TRC-20) network — people pay for groceries, rent, and services in USDT via QR codes, while businesses use stablecoins for settlements and salary payments.
Although the government hasn’t officially legalized crypto dollars, it has implicitly allowed their circulation, which helps prevent the economy from total collapse.
Digital Zombies Created
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