As inflation continues to challenge economies worldwide, several countries are witnessing a surge in cryptocurrency adoption as a hedge against devaluing fiat currencies. In Bolivia, where inflation reached 22.23% in October 2025, the use of cryptocurrencies like Tether's USDT has grown significantly, with annual crypto transactions hitting $14.8 billion. The Bolivian government has responded by allowing banks to offer crypto custody and recognizing crypto as legal tender for savings and loans.
Venezuela, grappling with an inflation rate of 172% in April 2025, has seen a substantial shift towards stablecoins, with $44.6 billion in digital assets received over a year. President Nicolas Maduro has integrated stablecoins into the economy, while former presidential candidate María Corina Machado has advocated for Bitcoin use. Meanwhile, Argentina and Turkey, with inflation rates of 31.3% and 32% respectively, have also turned to cryptocurrencies, with Argentina receiving $93.9 billion and Turkey leading the MENA region with $200 billion in crypto transactions.
In Iran, where inflation reached 45.3% in September 2025, crypto remains a tool to circumvent international sanctions, despite heavy regulation and high energy tariffs affecting mining. Nigeria, experiencing a drop in inflation to 16%, leads Sub-Saharan Africa in crypto transactions, driven by persistent inflation and foreign currency access issues. These trends highlight the growing reliance on cryptocurrencies in regions with unstable monetary systems.
Global Inflation Spurs Crypto Adoption in High-Inflation Nations
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