Venezuela’s Currency Troubles Drive Stablecoin Use Higher — Research
Venezuela’s cash is losing value quickly. People and businesses are shifting to US-dollar stablecoins, especially USDT, to protect savings and make everyday payments. Related Reading: Not Just Crypto: Research Says XRP Is Moving Into Bank-Grade Payment Infrastructure According to market data, the peso-like bolívar has quoted around 267 per US dollar on December 12, 2025, […]
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Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.
Venezuela has ordered severe limits on bank withdrawals less than a week after India made changes to its cash currency precipitating long lines at the nation’s ATMs. Both of these government actions have led to an increase in interest on the digital currency, Bitcoin. Venezuela’s Superintendency of Banking Sector Institutions (Sudeban) forbade public and private banks from dispensing more than US $5.26 per day cash from branches or ATMs. Sudeban allows a maximum of four transactions allowing the withdrawal of up to approximately US $5. In the midst of crisis, Venezuela’s inflation has....
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“We must advance in these new economic and technological systems to be accessible,” Maiquetia airport director said. A major international airport in Venezuela is reportedly preparing to start accepting cryptocurrencies like Bitcoin (BTC) as payment for tickets and other services.Simon Bolivar International Airport is working to enable cryptocurrency payments to comply with local industry standards, regional news agency El Siglo reported on Oct. 10. Also known as Maiquetia, the airport is located in downtown Caracas, the capital of Venezuela.According to Maiquetia airport director Freddy....
While USDT has observed a decline in its marketshare during the year 2022 so far, the stablecoin still retains its place at the top. USDT Is Still Number One In Stablecoin Market, USDC Remains 2nd According to the latest weekly report from Arcane Research, USDT’s share of the stablecoin market has now gone down to […]