$USDC
In less developed countries, having dollars is important to protect oneself in various situations.
Developing countries have a significant part of their economy tied to commodities, that is, dollarized, in addition to the local currency experiencing greater volatility during periods of economic instability, which worsens when high inflation occurs.
Given this, the dollar tends to serve as one of the forms of protection in the medium and long term. Stablecoins, such as USDC, have come to further democratize access to the dollar, which was previously only possible through currency exchange brokers and some banks, many with high spreads and additional fees.
The dollar, and other strong currencies, also tend to serve as a hedge against periods of high volatility in cryptocurrencies. Maintaining value, earning interest, and allowing the investor to have cash to buy during downturns.
It is up to each investor to decide the degree of importance they give to this fact, especially if they are in a less developed country, with a dollarized economy and easy access to stablecoins.
In less developed countries, having dollars is important to protect oneself in various situations.
Developing countries have a significant part of their economy tied to commodities, that is, dollarized, in addition to the local currency experiencing greater volatility during periods of economic instability, which worsens when high inflation occurs.
Given this, the dollar tends to serve as one of the forms of protection in the medium and long term. Stablecoins, such as USDC, have come to further democratize access to the dollar, which was previously only possible through currency exchange brokers and some banks, many with high spreads and additional fees.
The dollar, and other strong currencies, also tend to serve as a hedge against periods of high volatility in cryptocurrencies. Maintaining value, earning interest, and allowing the investor to have cash to buy during downturns.
It is up to each investor to decide the degree of importance they give to this fact, especially if they are in a less developed country, with a dollarized economy and easy access to stablecoins.