[Venezuela Turns to USDT for Oil Revenue and Domestic Payments] Due to U.S. sanctions preventing the legal use of the U.S. dollar, approximately 80% of Venezuela's oil sales are now settled using Tether's USDT. The government allows banks to sell USDT from oil revenues to businesses, which use it to pay domestic and international suppliers, while also promoting the use of USDT at the retail level. USDT has been widely used for purchasing groceries, paying management fees, distributing wages, and other scenarios. Although stablecoins demonstrate potential in international payments, they still struggle to replace traditional cash and money laundering methods in large-scale illicit fund flows. Venezuela's use of digital dollars has pioneered a new path for sanction evasion.