TRM Labs Research Report: Stablecoin Usage in Venezuela to Continue to Grow Due to Factors Such as Currency Depreciation

PANews reported on December 14th that, according to Cointelegraph, TRM Labs predicts in a report that the use of Venezuelan stablecoins is likely to continue to grow. As regional and geopolitical tensions continue to escalate, leading to macroeconomic instability and the continued depreciation of the Venezuelan bolivar, the demand for stablecoins as a store of value and medium of exchange will increase.

At the same time, regulatory ambiguity and ongoing uncertainty surrounding the authority and enforcement capabilities of Venezuela’s cryptocurrency regulator SUNACRIP, coupled with declining public trust in traditional banking infrastructure, could prolong public reliance on blockchain and drive further increases in its usage.

According to Chainalysis’s “2025 Cryptocurrency Adoption Index Report,” Venezuela ranked 18th globally in cryptocurrency adoption, but after adjusting for population size, it rose to 9th.