Oil: how the USDT enabled Venezuela to circumvent US sanctions

Oil: how the USDT enabled Venezuela to circumvent US sanctions
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The arrest of Nicolás Maduro by the US authorities comes against a backdrop in which Caracas had made extensive use of cryptocurrencies, and in particular the stablecoin USDT, to continue exporting its oil despite the sanctions.

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Grégory Raymond

Grégory Raymond is Head of Research and co-founder of The Big Whale. A specialist at the intersection of traditional finance and digital assets, he has been covering the regulatory, institutional and technological developments of the sector since 2017 for an audience of decision-makers: banks, asset managers and fintechs. He is also the author of Bitcoin & Cryptos: L'enjeu du siècle (Talent Éditions, 2025), a book built around interviews with key figures from the ecosystem.

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