Stablecoin adoption has grown in Venezuela as the government tightens controls to impose the official dollar exchange rate on businesses, which is much lower than the value of dollar-pegged tokens in P2P markets such as Binance. Stablecoin Usage Grows as Businesses Try to Stay Afloat in Venezuela Stablecoins have become useful tools in distressed economies […]
Source: https://news.bitcoin.com/stablecoin-usage-ramps-up-in-venezuela-amid-rampant-devaluation/