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Venezuelans Increasingly Turn to Stablecoins as Hyperinflation Persists

📖 1 min de lecture US dollar-denominated stablecoins are increasingly being used for domestic transactions in Venezuela as the country’s currency continues to depreciate amid prolonged hyperinflation and international sanctions. Reports indicate that stablecoin usage has grown 40% year-over-year, with USDT and USDC being the most widely used. The trend highlights the role of cryptocurrency...

⏱ 1 min read
⏱ 1 min de lecture
📖 1 min de lecture

US dollar-denominated stablecoins are increasingly being used for domestic transactions in Venezuela as the country’s currency continues to depreciate amid prolonged hyperinflation and international sanctions. Reports indicate that stablecoin usage has grown 40% year-over-year, with USDT and USDC being the most widely used. The trend highlights the role of cryptocurrency as a financial lifeline in economically distressed regions.

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