Venezuela is the fourth country in Latin America with the highest circulation of cryptocurrencies, with a cumulative amount of 44.600 billion dollars between June 2022 and the same month of this year, according to the Crypto Geography Report 2025, prepared by Chainalysis.

The adoption of cryptocurrencies in Venezuela has accelerated due to problems arising from the constant devaluation of the bolívar, which, in the first place, generated a process of "de facto" dollarization and has now stimulated a growing adoption of crypto assets, especially USDT.

For the Venezuelan economy, Tether (USDT), a stablecoin linked to the value of the US dollar, designed to maintain a stable value of 1 dollar across various blockchain networks, has become a hedging mechanism against the loss of value of the bolívar and a declining supply of dollars.