Venezuela's financial crisis has turned stablecoins into "lifesaving money"

In the second half of 2025, a top-down economic pressure is changing the payment habits of Venezuelans. Foreign exchange reserves are running low, the traditional banking system has become paralyzed, and the entire business community is collectively turning to stablecoins like USDT, USDC, and DAI — using them for cross-border settlements, employee salaries, and even daily purchases.

Financial analyst Orlando Sevilla's assessment is straightforward: when official financial channels fail, ordinary people will proactively embrace cryptocurrencies. This is not hype; it's survival.

There are two phenomena worth considering:

First is the shift in the role of stablecoins. They are no longer just trading tools on exchanges but are now a tangible payment infrastructure supporting a country's business operations. Second is the essence of demand. It's not speculators trading, but real people doing business, earning wages, and buying supplies using cryptocurrencies to solve daily payment, savings, and trade issues.

When a country's economy begins to rely on stablecoins on the blockchain for daily operations, this is no longer a matter of "potential" or "hope" — it is happening. The story of cryptocurrency has shifted from technological imagination to economic reality.

So the question is, which other countries and regions might face similar financial difficulties, and where will the next wave of real stablecoin applications occur?