TRM Labs Report: Stablecoins Have Become Indispensable in Venezuela, Adoption Continues to Expand Amid Economic Hardship

According to the latest research report from TRM Labs, after a decade of economic pressure, the population in Venezuela has become heavily reliant on blockchain technology for banking services. If conditions worsen, the adoption of blockchain technology may continue to grow.

Analysis indicates that Venezuela’s cryptocurrency ecosystem has developed under the pressure of economic collapse and international sanctions. This unique background has transformed cryptocurrencies (especially stablecoins) from an alternative financial tool into an essential core financial infrastructure in people's daily lives.

The main reasons are the escalation of geopolitical tensions, macroeconomic turbulence, and the continuous depreciation of the local fiat currency, the Bolivar. Coupled with the rising demand for stablecoins, their functions as a store of value and medium of exchange have gained more favor among the public.

Meanwhile, multiple factors such as regulatory policy ambiguity, doubts about the authority and enforcement capabilities of regulatory agency SUNACRIP, and the declining trust in traditional banks will further prolong the public’s dependence on cryptocurrencies and increase their usage scale.

In this environment, stablecoins (especially USDT) have surpassed their speculative nature and become the primary tool for households and businesses to conduct daily transactions, playing a role as an alternative to retail banking services.

Additionally, due to the shortage of reliable local banking channels, the role of peer-to-peer (P2P) trading platforms has become increasingly critical. Consequently, over 38% of Venezuelan cryptocurrency-related website traffic flows to global platforms with P2P functionalities.

According to Chainalysis' "2025 Cryptocurrency Adoption Index Report," adjusted for population size, Venezuela ranks ninth globally in cryptocurrency adoption rate per capita, confirming the depth of digital asset penetration in the country.

TRM Labs predicts that unless Venezuela's macroeconomic situation substantively improves or a unified, clear regulatory framework is established, the usage and importance of digital assets, especially stablecoins, will continue to expand.

In summary, Venezuela’s economic hardships have unexpectedly fostered a highly representative new financial paradigm. This situation also clearly demonstrates that in regions of economic disorder, decentralized financial technology can quickly fill the gaps in traditional finance, becoming a resilient bottom-up financial lifeline.

#委内瑞拉 #Stablecoins