Venezuela's inflation rate exceeds 200%, and the local currency depreciates so rapidly that people's wages shrink as soon as they are paid.

Bitcoin and stablecoins have become the survival tools for locals: they can receive remittances from overseas relatives, bypass regulations, and preserve their purchasing power.

The government is also experimenting—military-led digital currency mining, and they even launched the oil-backed coin in an attempt to break the US financial blockade, but it didn't have much impact.

This is actually part of the US digital dollar hegemony: through the stablecoin legislation, the influence of the dollar is being transferred into the crypto world.

For countries like those in Latin America with limited foreign exchange reserves and high susceptibility to sanctions, ordinary people abandoning their local currency in favor of US dollar stablecoins or Bitcoin has become a helpless form of self-protection.

Cryptocurrencies here are no longer just investment assets but essential tools to fight inflation and sanctions. $BTC $ETH #加密市场开年反弹