Stablecoin Oil‑Revenue Statecraft

States can repurpose cryptocurrency rails (stablecoins) to receive and route commodity export revenues, creating rapid receipts outside traditional banking and sanctions channels. That practice alters fiscal transparency, enables new forms of sanctioned‑state financing, and forces regulators to treat stablecoin flows as strategic infrastructure rather than niche payments. — If commodity exporters increasingly invoice or settle in stablecoins, it will reshape sanctions policy, AML enforcement, sovereign finance transparency, and the international political economy of commodities.