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BTCC / BTCC Square / Global Cryptocurrency /
Venezuela Turns to Stablecoins Amid Economic Collapse

Venezuela Turns to Stablecoins Amid Economic Collapse

Author:
Global Cryptocurrency
Published:
2025-12-16 08:51:02
12
1
BTCCSquare news:

Venezuela's deepening economic crisis has triggered a surge in stablecoin adoption as citizens flee the hyperinflated bolivar. Blockchain analytics firm TRM Labs reports dollar-pegged cryptocurrencies are now functioning as both a store of value and medium of exchange—a tacit rejection of the country's failing financial infrastructure.

Regulatory voids and institutional distrust are accelerating the shift. With Venezuela's crypto oversight body SUNACRIP lacking enforcement credibility, dollarized digital assets have become de facto financial infrastructure. "This isn't speculation—it's survival," noted a TRM analyst, highlighting stablecoins' transition from investment vehicles to lifeboats.

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