Venezuela Reportedly Accumulates Over $60 Billion in Bitcoin and USDT Reserves
Venezuela is reported to have accumulated over $60 billion in Bitcoin and USDT through oil and gold-linked transactions since 2018.
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Venezuela is reported to have accumulated over $60 billion in Bitcoin and USDT through oil and gold-linked transactions since 2018.
The stablecoin market hits a record near $310 billion, led by USDT and USDC as demand for on-chain dollars grows across trading and payments.
Tether’s gold reserves hit 116 tonnes after record Q3 buying that surpassed every central bank.
Tether has become one of the largest private holders of physical gold, using bullion to diversify reserves backing its USDT stablecoin and gold-linked token.
Fintech firm Revolut is offering U.S. dollar customers the option to swap fiat into major stablecoins at a one-to-one rate, signalling deeper integration of digital assets in everyday finance.
Payments giant Visa announced it will begin supporting four different stablecoins operating on four unique blockchains, expanding its crypto-asset infrastructure amid growing institutional demand.