Venezuela's crypto reliance and stablecoins amid economic crisis
By Stephen Katte | 5 min read
Venezuela's economic crisis has intensified crypto adoption, with stablecoins acting as a hedge against rampant inflation. The report highlights how individuals and businesses increasingly use digital assets to preserve value and facilitate cross-border remittances. It notes friction points, including access to exchanges, wallet infrastructure, and regulatory ambiguity. The piece underscores that while crypto provides an escape valve, it also exposes users to volatility, liquidity constraints, and policy uncertainty. As inflation remains stubborn, stablecoins and on-chain payments are likely to play a growing role in everyday transactions.
