Some countries' currencies have effectively become worthless.
Others are rapidly heading towards zero.
Venezuela is one of the clearest examples.
Due to high inflation and foreign exchange restrictions, the public has started turning to stablecoins for daily payments and as a store of value.
As economic instability increases, people are now seeking an asset that preserves its value.
At this point, stablecoins become an alternative safe haven for many countries.
Over time, cryptocurrency use in these countries will become a means of survival rather than just an investment.
I believe this issue will create a domino effect in countries facing crises and, consequently, positively influence cryptocurrencies.
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Some countries' currencies have effectively become worthless.
Others are rapidly heading towards zero.
Venezuela is one of the clearest examples.
Due to high inflation and foreign exchange restrictions, the public has started turning to stablecoins for daily payments and as a store of value.
As economic instability increases, people are now seeking an asset that preserves its value.
At this point, stablecoins become an alternative safe haven for many countries.
Over time, cryptocurrency use in these countries will become a means of survival rather than just an investment.
I believe this issue will create a domino effect in countries facing crises and, consequently, positively influence cryptocurrencies.