VENEZUELA TURNS TO STABLECOINS AMID ESCALATING SANCTIONS AND WAR THREATS
Facing mounting sanctions and geopolitical tension, Venezuela is rapidly increasing its use of dollar-pegged stablecoins as part of a broader shift toward digital assets.
Analysts suggest the move could mark crypto’s emergence as the nation’s final financial lifeline amid growing isolation from global banking systems.
Source: @Cointelegraph

VENEZUELA TURNS TO USDT AS INFLATION SOARS 229%
Amid hyperinflation, Venezuelan merchants are now pegging prices to Binance P2P dollar rates, effectively adopting USDT as the nation’s de facto currency.
A real-world case of stablecoin dominance where crypto steps in to replace failing fiat systems.
Source: @Cointelegraph

5.96K
9
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.

