Dollar Stablecoins more important than Bitcoin in Countries with High Inflations $

People would have expect that bitcoin would have been the medium of exchange in countries suffering from high inflation, but no, guess what, dollar stablecoins are what people use to move money around. people suffering from inflations want dollar stablecoins for everyday transactions

In Venezuela for instance, about 95% of Venezuelans use USTD for everyday transaction rather than bitcoin. many people mostly use Binance wallet and Binance p2p with USDT.

In Lebanon it is the same story, people who have Bitcoin are bitcoiners only. For normal day to day transactions they use USD cash and when in need to transact in crypto such as long distance transaction, they use USDT on the tron or polygon blockchain.

Argentina's currency has lost 13 zeroes in the past century or so, so the US Dollar is considered a safe haven by virtually everyone. That's why USD stablecoins are so popular.

In the Argentinean crypto fintech. USDT on tron is used everywhere. It’s the preferred token and network. People know how to use it and choose it cause it’s cheap.

It is clear that people experiencing inflation use USD stablecoins to move money. Tether on Tron/Polygon/Ethereum is very important to these people than BTC. To move money around in these countries, stablecoins coins are important.

People with failing local currencies want better access to dollars, and stablecoins provide that. For everyday transactions, people want something fairly stable like usdt and paper dollar and transactions to be cheap hence tron and polygon)

One of the reason USDT is popular in high-inflation countries is that it is one of the practical way to turn a rapidly declining currency into one with enough stability to make functional purchases.

People prefer dollars on crypto rails and usdt is offering this cheaply. until Bitcoin is usable as a currency and stops being so volatile or until we have a bitcoin stablecoin, the global South will continue to use usdt for everyday transaction and to protect their wealth