Stablecoins are increasingly being adopted in Venezuela as an alternative to the traditional banking system. Amidst economic instability and hyperinflation, Venezuelans are turning to digital currencies like USDT and USDC to preserve value and facilitate transactions. This shift is driven by the need for a stable store of value and a reliable means of exchange, as the local currency continues to depreciate rapidly. The growing use of stablecoins highlights their potential role in providing financial stability in regions with volatile economies.
Stablecoins Gain Traction as Alternative Banking in Venezuela
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