Venezuela Is a Live Demo of Why Stablecoins Exist — and Why USDT Keeps Winning When Governments Crack

Venezuela serves as a live demonstration of the fundamental reasons behind the existence of stablecoins, highlighting their crucial role in providing financial stability and reliability in times of economic turmoil. In this context, the continued dominance of Tether (USDT) can be attributed to its ability to maintain value and facilitate transactions for individuals in Venezuela, where traditional fiat currency is often subject to drastic fluctuations and government instability. As governments around the world face crises or economic pressures, the resilience and utility of stablecoins like USDT become increasingly evident, showcasing their importance as a reliable alternative in the global financial landscape. source: https://blocknews.com/venezuela-is-a-live-demo-of-why-stablecoins-exist-and-why-usdt-keeps-winning-when-governments-crack/