“The Venezuelan bolivar lost 99.8% in the last 10 years against the U.S. dollar, the Turkish lira lost 80%, the Argentina peso around 94.5%,” said Tether CEO Paolo Ardoino at a recent crypto conference. “That is, in one simple chart, the reason why USDT is successful.”

Vitol, Trafigura have global sales, shipping, logistics

Venezuela holds the largest oil reserves in the world.