Venezuela is grappling with rampant hyperinflation, leading businesses and citizens to increasingly rely on Tether (USDT) for everyday transactions. The stablecoin has become the dominant currency in the nation, reflecting a shift away from its devalued bolívar. This digital dollarization highlights the role of stablecoins in countries facing economic turbulence, reshaping Venezuela’s financial landscape. 47% of transactions under $10,000 in Venezuela now utilize USDT for daily business as companies seek stability amid volatile currency fluctuations. This shift represents a unique form of digital dollarization outside direct government intervention. The impact on Venezuela’s economy is clear: stablecoin adoption has seen unprecedented growth. The country’s reliance on USDT underscores the potential for crypto-based economies to disrupt traditional finance systems in the face of economic crises, as highlighted by experts at Coincu Research.