Stablecoin Use in Venezuela Set to Rise as Bolívar Weakens: TRM Labs

Stablecoin Use in Venezuela Set to Rise as Bolívar Weakens: TRM Labs

Venezuela’s worsening economy and a weakening bolívar are driving wider stablecoin adoption, TRM Labs says.

Crypto News: Venezuela Turns to USDT & USDC Amid 172% Hyperinflation Crisis

Key Insights In recent crypto news, Stablecoins like USDT have become essential in Venezuela because hyperinflation has made the bolívar almost unusable. Most crypto activity in the country now involves stablecoins, driven by payroll, remittances, and daily transactions on P2P platforms. Without economic improvement or stronger regulation, experts expect stablecoin dependence to grow as Venezuelans seek stability and survival tools. Venezuela i…

Stablecoins Gain Popularity in Venezuela as Hyperinflation and Sanctions Persist

Stablecoin adoption in Venezuela grows as the bolívar weakens, driven by hyperinflation and sanctions. Peer-to-peer platforms, particularly USDT, are replacing traditional banking services in Venezuela. International companies like Western Union and Visa are exploring stablecoin solutions for cross-border payments. The uptake of stablecoins is increasing as Venezuela's economic crisis intensifies and the bolivar further loses its value. The shif…

Venezuelans Turn to Stablecoins as Economic Lifeline

As Venezuela continues to face prolonged economic instability and persistent volatility, citizens are increasingly seeking alternatives to traditional financial systems. In an environment marked by hyperinflation and unclear regulatory structures, many Venezuelans have turned to blockchain-based solutions as a practical response to financial uncertainty. This transition toward cryptocurrencies, particularly stablecoins such as USDT, reflects a f…

Venezuela's Crypto Use Surges Amid Intensifying Economic Crisis

Venezuelans’ Growing Dependence on Blockchain Amid Economic and Political Turmoil With decades of economic instability and deteriorating banking infrastructure, Venezuelans are increasingly turning to blockchain technology as a primary financial solution. The use of cryptocurrencies, particularly stablecoins like USDT, has surged in the country, serving as essential tools for everyday transactions and savings. Key Takeaways Venezuela ranks 18th…

Stablecoin usage in Venezuela likely to keep expanding amid economic instability

Venezuelans are increasingly relying on stablecoins as inflation, sanctions, and banking failures persist, but TRM Labs predicts demand will continue to grow as economic pressures deepen.