Stablecoin usage in Venezuela likely to keep expanding amid economic instability

Venezuelans' reliance on blockchain technology for banking is expected to grow amid economic instability, according to TRM Labs. Macroeconomic instability and the bolívar’s devaluation will likely sustain demand for stablecoins. Regulatory ambiguity and distrust in traditional banking may further drive usage. Peer-to-peer transactions and USDT conversions are key services. Venezuela ranks 18th globally for crypto adoption, rising to 9th when adjusted for population size. The crypto ecosystem in Venezuela emerged from economic collapse and sanctions, with stablecoins playing a central role in transactions.