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Chainalysis has revealed in its 2025 Global Crypto Adoption Index that Venezuelans are increasingly turning to stablecoins, particularly Tether's USDt, known locally as "Binance dollars," to manage inflation and the decline of the bolívar.
According to Atlas21, Venezuela's financial landscape is evolving towards cryptocurrency adoption due to ongoing inflationary pressures and economic instability. After the bolívar lost over 70 percent of its value in less than a year, residents began utilizing stablecoins for more predictable financial transactions. This trend has gained traction in retail and wage disbursement settings.
AInvest reports that Venezuela ranked thirteenth in the 2025 Global Crypto Adoption Index, with a 110 percent increase in usage from the previous year. Residents frequently use Binance dollars for groceries, salary payments, and transfers. The devaluation of the bolívar has created conditions that favor alternative digital financial systems.
