Crypto

Stablecoins Have ‘Increasing Relevance’ in Illicit Amazon Gold Trade: GI-TOC

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In brief

  • A new GI-TOC report has revealed that illicit Amazonian gold is being sold in Venezuela in exchange for the USDT stablecoin.
  • Use of USDT in the illicit gold trade has been observed within the past year, while the Venezuelan economy in general has become more reliant on the stablecoin.
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