Tether’s role in Venezuela, Iran highlights the duality of stablecoins

Tether (USDT) plays a crucial role as a stablecoin, especially in countries like Venezuela and Iran facing severe economic crises. In these countries, inflation and financial system disruptions due to international sanctions deeply affect citizens' daily lives. During such times, Tether provides relative value as a form of digital asset, acting as a means of exchange and saving. Moreover, Tether serves as a useful tool for sanctioned entities, allowing them to maintain access to international markets. This dual role highlights how stable currencies can function under special conditions. However, risks associated with Tether and other stablecoins cannot be overlooked, especially given potential issues surrounding transparency and regulatory uncertainty that might impact future market trends. Monitoring Tether's movements is critical for understanding the broader cryptocurrency market. As Tether's adoption grows in these countries, its influence is likely to spread to other nations and regions.