I recently came across a discussion about Venezuela using stablecoins, which I found quite interesting. An industry insider mentioned that although they are not entirely sure about the complete authenticity of these reports, they gained a lot of insights from them—this actually sparked my thinking about the true value of crypto assets.

Venezuela's fiat currency devaluation issue has long been a globally recognized case. Walking on the street, from convenience stores to gas stations, you will find more and more merchants beginning to accept stablecoins for transactions. They treat it as a medium of value for daily transactions, which actually reflects what true demand is. The decentralization feature of crypto assets, their ability to circulate across geographical boundaries, and their relatively stable store of value suddenly become a lifeline for ordinary people in places where traditional financial systems are collapsing.

This has led me to re-evaluate the social value of cryptocurrencies. Although the concept of stablecoins carries risks and is not an officially defined standard term, Venezuela's current situation tells us—crypto assets are far more than just investment tools or technological experiments. Under certain extreme conditions, they are a practical choice for people in distress. Perhaps they won't become a universal solution worldwide, but in specific scenarios, they can provide a way out for those whose fiat currency credit has collapsed.