2026-01-04 12:26:02

Venezuela's reality tells us that cryptocurrencies have long surpassed the category of mere investment assets.

The country's inflation rate has exceeded 200%, and wages shrink even before they reach people's hands, making it impossible to buy much with the local currency. Many people's daily lives have already adapted to a pattern: waiting for overseas relatives to send remittances via Bitcoin or stablecoins, bypassing official controls while preserving the actual purchasing power of assets. This is not a financial management choice; it's a way to survive.

Interestingly, the government is also stirring things up. The military has set up a so-called "Digital Currency Production Center" (industry insiders understand what this means), and previously launched a "Petro" to break through US financial blockade, but it was of little use.

But what's the real trick behind all this? The recent US stablecoin legislation essentially shifts dollar dominance from traditional finance to the digital world. For countries with limited foreign exchange reserves and worthless local currencies, once they are cut off, the instinctive reaction of the people is to flee from their own currency and turn to US dollar stablecoins or Bitcoin. This approach directly bypasses traditional financial defenses—no SWIFT, no international transfer restrictions, money just flows.

The situation in Latin American countries is particularly awkward. "Can't go to heaven, can't leave the US" is the norm. Foreign exchange reserves are easily drained, exchange rates fall, and prices spiral out of control. The last resort for ordinary people becomes a very practical choice: actively embracing dollar-based digital assets for self-protection.

In essence, in these high-risk countries, cryptocurrencies are no longer just optional investment tools but vital assets to combat hyperinflation and economic sanctions. Meanwhile, the US is also leveraging stablecoins to extend its financial control to every corner of the globe. A new digital financial game is already underway.

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SocialFiQueen

· 5h ago

This is the real use case of crypto, not just making money through trading coins.

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gas_fee_therapist

· 01-04 22:08

That wave of Oil Coin really made me laugh. The government wanted to achieve self-reliance and control, but in the end, they still lost to market logic. That's why ordinary people ended up stockpiling BTC and USDT.

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GhostInTheChain

· 01-04 12:55

200% inflation rate, wages are gone before they even reach your hands— isn't this a real-life tragedy? Cryptocurrency here has long ceased to be just speculative assets; it's a matter of survival. The US stablecoin legislation is essentially a rebranded version of dollar hegemony, quite ruthless. Without SWIFT restrictions, money flows directly out, and traditional financial defenses are completely ineffective. Venezuela's oil-backed currency has long cooled off, which shows how powerless government countermeasures are. People can only rely on Bitcoin and dollar stablecoins for self-rescue, which is really quite ironic. Latin America is caught in the middle, with no way out above or below, ultimately forced to embrace digital assets backed by the dollar. We need to see clearly that in these places, cryptocurrencies have long become survival tools against economic sanctions, not investment options. A new financial game has already begun; whoever controls stablecoins controls the throat of the global financial system.

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BridgeJumper

· 01-04 12:55

This matter in Venezuela is basically just the appetizer for USD stablecoins to cut into the global retail investors; who still expects the local currency to survive?

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TokenTherapist

· 01-04 12:54

This is the true use case of crypto, not just making quick money by trading coins. The move to bypass SWIFT with USD stablecoins is indeed clever; traditional financial restrictions are useless on the blockchain. Latin American countries really have no choice; the crypto world has long been their financial lifeline. Honestly, just looking at Venezuela as a case study makes it clear that the power of cryptocurrency is shifting from investors to ordinary people who are financially trapped. This move by the US is sophisticated, upgrading dollar hegemony to a Web3 version. But to be fair, this also proves why so many people in developing countries insist on hodling Bitcoin—it's not just a choice, it's a necessity.

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ForkPrince

· 01-04 12:48

Amazing, this is reality. The Venezuelan people have long voted with their feet; the crypto world is not just speculation, but a lifeline. --- USDT liquidity is even stronger than the Venezuelan bolivar, quite ironic. --- The military is setting up mining farms haha, this is much more reliable than some oil-backed coins, the government has already understood. --- Stablecoins are the new era's dollar delivery channels; central banks around the world should be cautious. --- To be blunt, Venezuela would have collapsed long ago without BTC, but it's still dragging on. --- Western financial sanctions are in place, and crypto is the only way out to bypass them. --- Crypto is no longer just a currency; it has become a tool of geopolitical strategy. Wake up, everyone. --- Looking at it, it's clear that USDT is even safer than US Treasury bonds, hilarious.

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staking_gramps

· 01-04 12:34

Really, Venezuela is now either crypto or starving, no other options. Wake up to find your salary has evaporated, but BTC is still more valuable haha. This is why I’ve always said stablecoins are not financial innovation; they are just a new tool for dollar output. Bypassing SWIFT but not bypassing the US, got it. Latin American brothers still rely on their local currency? Wake up, brothers. The US move is indeed brilliant—continuing to harvest in the digital age, while the industrial revolution hasn't finished yet. Crypto is not an investment; for these countries, it’s a passport + insurance. The fact that miners are earning more than workers should have been taken seriously long ago. Are there still people not holding coins in an era where miners make more money than workers?

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¯\_(ツ)_/¯

· 01-04 12:34

Wow, this is the real use case of crypto, not just speculating to get rich. The people of Venezuela are really living off BTC. --- The US's stablecoin legislation is playing it perfectly; the financial blockade has definitely escalated. --- That joke about the oil coin is hilarious. The government's initiatives are indeed useless; it's still the people's Bitcoin that matters. --- So ultimately, it's still dollar hegemony, just in a different digital shell to continue the suppression. --- This is what Web3 should be doing—emergency relief rather than hype. Venezuela has already proven this. --- Latin America is really miserable. Locked out by the US, they still have to grit their teeth and use dollar stablecoins to save themselves. Unbelievable.

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