Stablecoins Live Up To Their Billing During Venezuela Turmoil

Maria Clara Cobo writes on how Venezuelans increasing depend on cryptocurrencies to navigate the uncertainty that has engulfed the nation.

As the dust settles from the US capture of Venezuelan President Nicolás Maduro, it’s still not clear what the move means for global politics, the oil trade or how the country will ultimately be governed. But one thing seems fairly certain: cryptocurrencies are going to remain a linchpin of Venezuela’s economy, and perhaps thrive even more.