“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.”

Venezuela's President Nicolás Maduro and his wife were captured by American military forces and brought to the U.S. to face drug and weapons charges.

The U.S. carried out operations Wednesday to seize two Venezuela-linked tankers, and Secretary of State Marco Rubio said the U.S. has "tremendous leverage" over the country.

President Donald Trump has issued a new executive order to protect Venezuelan oil revenue from judicial proceedings.

Democrats say the president cannot take money from the proceeds of seized oil and control it himself, calling it a ‘slush fund’ that would fly in the face of the Constitution.

Secretary of State Marco Rubio told reporters that the U.S. has a three-phase plan for Venezuela, with an initial emphasis on stabilizing the country.

Remittances from around the world accounted for an estimated 7.5% of Venezuela’s gross domestic product in 2025, according to the Remittance Industry Observatory, a think tank in Washington, D.C. But analysts say that number is likely greatly understated because the funds are mostly routed through unofficial channels that are hard to track.

Hausmann, who served as the Venezuelan minister of planning from 1992 to 1993, argued Trump’s heavy hand in market affairs is counter to the purpose of government, which is not supposed to make money, but rather provide stability and policy that allow businesses to thrive.