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Venezuela's Hyperinflation Crisis Fuels Rapid Adoption of Cryptocurrencies

Venezuela's Hyperinflation Crisis Fuels Crypto

Dario Cesaro avatar
Written by Dario Cesaro
Updated this week

Venezuela's economy is undergoing a significant shift towards digital assets as hyperinflation and U.S. sanctions push citizens and businesses to seek stable alternatives. Cryptocurrencies, particularly stablecoins like USDT, are increasingly becoming the preferred medium for transactions, offering a hedge against the bolivar's rapid devaluation and a workaround for financial restrictions.

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