Chronic high inflation and the collapse of the national currency—Venezuela is experiencing a profound financial transformation. The Bolivar continues to depreciate, savings become meaningless, and ordinary people are forced to seek assets that can preserve value. From US dollar cash, gold, to now stablecoins and cryptocurrencies, this process is essentially a "currency escape."

The emergence of stablecoins has changed the game. As dollar-pegged, freely transferable digital assets, they have quietly integrated into the daily lives of locals. More and more merchants are willing to accept this form of payment, and for cross-border remittances, online payments, and value storage—these activities no longer have to rely on traditional banks. Relying on platform-based stablecoins within global payment networks, they have effectively become a substitute for the "digital dollar."

It may seem a bit radical, but the logic behind it is simple: when a country's fiat currency can no longer serve as a reliable measure of value, the market will spontaneously choose more stable and liquid alternatives. For ordinary people, decentralization is not the top priority—whether it can preserve value and is convenient to use are what truly matter. That’s why stablecoins have gained genuine, non-speculative demand in inflationary economies.

Venezuela’s story is not an isolated case. It serves more as a warning, demonstrating how people self-rescue after the collapse of traditional financial systems. Cryptocurrencies have not overthrown any country, but they do fill the gaps left by institutional failures. This "currency escape" script is increasingly being repeated in many high-inflation countries.