TRM Labs' report projects increased stablecoin usage in Venezuela due to economic instability and a depreciating bolivar.TRM Labs' report projects increased stablecoin usage in Venezuela due to economic instability and a depreciating bolivar.

TRM Labs Predicts Stablecoin Surge in Venezuela

TRM Labs Predicts Stablecoin Surge in Venezuela
Key Points:
  • TRM Labs forecasts stablecoin use increase due to economic volatility.
  • Venezuela’s ranking highlights its cryptocurrency reliance.
  • Stablecoins surpass $4 trillion globally in 2025 volume.

Stablecoin usage in Venezuela is set to grow due to currency depreciation and economic instability, reports TRM Labs. USDT and other dollar-pegged stablecoins serve as retail banking substitutes amid macroeconomic uncertainty and declining trust in local banks.

Summarizing Venezuela’s ongoing economic challenges, TRM Labs’ latest report projects increased stablecoin usage due to the depreciating bolivar and economic instability.

Increased stablecoin usage in Venezuela highlights reliance on alternative currencies amid economic strain and regulatory uncertainty.

TRM Labs’ 2025 Crypto Adoption and Stablecoin Usage Report indicates substantial growth in stablecoins like USDT due to Venezuela’s currency issues. The report cites macroeconomic instability and depreciation of the bolivar as key drivers. TRM Labs underscores that Venezuela ranks 18th globally in cryptocurrency adoption. This reliance is fueled by declining trust in the bolivar and local banks.

Stablecoins have become essential for peer-to-peer transactions and daily commerce. Amid economic turmoil, Venezuelans increasingly use these assets for remittances, payroll, and more, bypassing traditional banking.

The burgeoning reliance indicates growing acceptance of decentralized finance. As platforms integrate mobile wallets and conversions, stablecoin transactions are transforming financial activities.

Venezuela’s embedding of stablecoins into its economy emphasizes their role amidst instability. These shifts reflect broader trends, with global stablecoin transactions reaching new highs.

The adaptation of stablecoins highlights Venezuela’s response to fiscal challenges, with TRM Labs noting continued emphasis on cryptocurrency amidst regulatory hesitance from SUNACRIP. As stablecoins rise, their potential alignment with governmental narratives remains uncertain.

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The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
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