Stablecoins have penetrated Venezuela far beyond expectations. According to statistics, nearly 80% of the country's oil export revenue has been settled using stablecoins, with USDT becoming the standard for bypassing international sanctions and evading traditional banking systems. Not only in large-scale trade, but even ordinary citizens paying property fees and daily expenses rely on stablecoins—this reflects the severe reality of the collapse of the local Bolivar currency and strict capital controls.

This phenomenon reveals the core contradiction of stablecoins: they are both a lifeline in despair and an escape route through regulatory loopholes. On one hand, they provide oil exporters with a settlement solution to bypass sanctions and offer ordinary people a financial lifeline against local currency devaluation. On the other hand, this "ubiquitous" application precisely illustrates that the true value of stablecoins has never been technological innovation, but rather their role in filling the gaps caused by institutional failures. When traditional financial systems collapse, even cryptocurrencies can become the infrastructure for real economic operations. Venezuela's case is an extreme microcosm of cryptocurrency penetrating the real economy and also highlights the eternal controversy facing stablecoins: regulators either embrace their convenience or restrict their escape attributes, but it’s difficult to do both.