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Venezuelans Turn to Stablecoins as Bolívar Falters, TRM Labs Reports

Venezuelans Turn to Stablecoins as Bolívar Falters

Dario Cesaro avatar
Written by Dario Cesaro
Updated over 2 weeks ago

Stablecoin adoption in Venezuela is poised for significant growth as the nation grapples with deepening economic pressures and a continuously devaluing bolívar. A new report from blockchain intelligence firm TRM Labs indicates a growing reliance on digital assets for everyday financial activities, driven by eroding trust in traditional banking and regulatory uncertainty.

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