Rising Adoption of Stablecoins in Venezuela Amidst Sanctions and Threats of Warfare
Venezuela's increasing use of stablecoins is fueled by economic instability and external threats, notably the response to U.S. military actions.
Recent in
Venezuela's increasing use of stablecoins is fueled by economic instability and external threats, notably the response to U.S. military actions.
Venezuelan leader María Corina Machado wins the Nobel Peace Prize for her advocacy of Bitcoin as a means to preserve wealth and promote democracy in Venezuela.
Venezuelan leader María Machado is honored with the Nobel Peace Prize for advocating for democracy and utilizing Bitcoin as a tool for economic empowerment.
Venezuela grapples with hyperinflation, leading merchants to adopt USDT as a new currency standard, effectively moving off the local bolívar.
As hyperinflation grips Venezuela, USDT serves as the practical currency with prices pegged to Binance's P2P dollar rates.

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