- Venezuela’s cryptocurrency adoption has doubled every year, ranking second in Latin America with $100 million in monthly P2P transaction volume.
- Stablecoins like USDT provide an inflation shield for the daily transactions of 10% of Venezuelans.
of Cryptocurrency usage in Venezuela is doubling every yeara direct response to the continued erosion of the local currency. The country currently occupies the second position in Latin America in the adoption of cryptocurrencies, a ranking surpassed only by Brazil.
volume of peer-to-peer transactions Domestic sales are already exceeding $100 million per month.. One in ten people in Venezuela use these monetary assets as a payment method for everyday transactions.
Anibal Garrido, engineer and blockchain trading director; Crypto Asset Academy Andres Bello of Universidad Católica provided these numbers. Garrido emphasized that Venezuela has one of the most robust legal frameworks in the world regarding the crypto asset market..
He acknowledged that higher levels of regulation are needed, but asserted that the current legal structure is one of the most complete and trust-building.
Regulatory and operational mechanisms in Venezuela
Only two companies are licensed by National Crypto Asset Supervision Authority (Sunacrip) To process the exchange of these assets. These operate under the brands Crixto and Kontigo. Garrido expects more companies to incorporate in the short term.
The professor clarified that Sunacrip is not closed but under intervention and remains operational behind closed doors. This continued operation will enable the issuance of licenses for the exchange and its trading applications.
Adoption primarily arises from necessity in a complex economic environment. Garrido said in a presentation at the 2026 Forecast event “Conindustria” that Venezuelans are adopting cryptocurrencies out of pure necessity.not as a trend.
Data from Corporate Chainalysis confirms that the use of cryptocurrencies in Venezuela is increasing by more than 100% year-on-year. Citizens use these assets to hedge exchange rates and make payments within expanding commercial networks.
Commercial integration and commercialization
The most efficient way to expand this market is for sellers to integrate cryptocurrencies as a payment option for their goods and services. Companies in the system have already developed exchange mechanisms that facilitate easy and secure access for the public and private sector.
The system will deduct the equivalent amount. USDT from customer digital wallet. This process protects the value of money in a complex inflationary environment. However, the final payment will be Bolivar with automatic conversion model. Sellers receive payments in their home currency at the official exchange rate without being directly exposed to fluctuations in crypto assets.
Future prediction and tokenization
Tokenization represents the next frontier of functionality. This process converts sensitive data into a non-sensitive digital substitute called a token, which is linked to the original data that is stored securely.
According to Garrido, This system allows Venezuelans toPeople who face restrictions in conducting financial operations abroad cannot use cryptocurrencies to invest in tokenized assets. Through blockchain, Mr. Garrido Who can use USDTobtain from Bolivar and invest in tokenized stocks of the US stock market.
