Venezuelan exchanges turn to dollar stablecoins as U.S. restrictions squeeze economy

Venezuela is turning to dollar-pegged cryptocurrencies to shore up its foreign exchange market as US sanctions choke oil revenues and reduce the availability of hard currency. The government has quietly allowed private businesses to buy and sell USDT, a stablecoin issued by Tether that mirrors the US dollar, in a bid to keep trade moving […] source: https://www.cryptopolitan.com/venezuela-turn-to-dollar-stablecoins/