Venezuela's Stablecoin Usage Predicted to Rise Amid Economic Instability

According to PANews, TRM Labs has released a report forecasting an increase in the use of stablecoins in Venezuela. The ongoing regional and geopolitical tensions are contributing to macroeconomic instability and the continued depreciation of Venezuela's fiat currency, the bolivar. As a result, the demand for stablecoins as a means of value storage and transaction is expected to grow. Additionally, the unclear regulatory environment and persistent uncertainty surrounding the authority and enforcement capabilities of Venezuela's cryptocurrency regulatory body, SUNACRIP, coupled with declining trust in traditional banking infrastructure, may extend the reliance on blockchain technology and further boost its usage. Previously, Chainalysis published the '2025 Cryptocurrency Adoption Index Report,' which ranked Venezuela 18th globally in terms of cryptocurrency adoption. However, when adjusted for population size, Venezuela's ranking improves to 9th place.