Stablecoin Use in Venezuela Poised to Rise as Economic Crisis Deepens
TRM Labs reports that Venezuela’s crypto ecosystem has emerged as a direct consequence of the country’s prolonged economic collapse and mounting international sanctions. As traditional financial channels remain constrained and inflation persists, dollar‑pegged stablecoins are increasingly used for everyday payments, cross‑border remittances and as a store of value, a trend TRM says is set to grow. This development matters because broader stablecoin adoption can further informal dollarization and reshape local commerce, while also raising enforcement and compliance questions for global firms and regulators tracking sanction risks. For users, stablecoins offer faster, cheaper access to remittances and alternative savings, but they also introduce custodial and regulatory exposures that will draw more scrutiny from on‑chain analytics and compliance teams.