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TRM says U.S. sanctions have pushed Venezuela to rely on USDT and informal P2P crypto markets, creating both vital financial access and heightened sanctions-evasion risks as U.S.

TRM says U.S. sanctions have pushed Venezuela to rely on USDT and informal P2P crypto markets, creating both vital financial access and heightened sanctions-evasion risks as U.S.
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"The blockchain intelligence firm found that a single website offering peer-to-peer crypto trading was recently responsible for 38% of all web traffic coming from Venezuelan IP addresses. Informal peer-to-peer crypto trading, when paired with other variables like hybrid platforms situated between domestic banking and offshore liquidity—plus high-velocity, cross-border stablecoin flows routed through multiple blockchains—can often prove to be a recipe ripe for sanctions evasion, Redbord said."

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