Crypto in Venezuela Is About Survival, Not Speculation

[etfs]

Venezuela’s crypto ecosystem was born out of necessity after nearly a decade of economic collapse, sanctions pressure, and failed state-led financial experiments, according to TRM Labs.

Stablecoins like USDT now function as substitutes for retail banking, supporting household income, vendor payments, and cross-border spending. Despite compliance concerns, researchers stress that crypto usage in Venezuela is “overwhelmingly driven by survival needs, not criminal activity.”

[JanEmil]

What chain do they use? Tron?

[Nahid Hossen]

In Venezuela, crypto is clearly a tool for survival rather than speculation.

[Nahid Hossen]

Understanding hot vs. cold storage is essential for better crypto security decisions.