Stablecoins are gaining traction in emerging markets due to their price stability and use in cross-border transactions. Countries facing high inflation or unstable currencies, like Venezuela and Nigeria, are increasingly using stablecoins as a hedge against currency devaluation. On-chain data shows rising transaction volumes in these regions, especially with stablecoins like USDT and USDC.
Stablecoins also facilitate remittances and give users access to DeFi platforms, allowing participation in global financial systems. The growth in user adoption and transaction volume reflects the increasing demand for financial alternatives not available through traditional banking.
Overall, stablecoins are improving financial inclusion in emerging markets, but regulatory clarity and education are key to their continued growth.