#美国非农就业数据未达市场预期 $USDT $ZEC $DOGE

The "Double Life" of Stablecoins: How Are Iran and Venezuela Playing It?🔥

Recently, there's an interesting phenomenon— the same stablecoin plays two completely opposite roles in different countries. One is a lifeline for ordinary people, and the other is seen as a "gray tool" by regulators. This is worth a closer look.

**The Situation in Iran**

The Iranian rial has depreciated sharply, and government sanctions have been frequent. Ordinary citizens, in order to protect their money from inflation, have turned to cryptocurrencies (especially stablecoins). But the government isn't naive; they have directly limited annual holdings to try to control this outflow.

Even more interesting is the data uncovered by TRM Labs—since 2023, authorities have transferred over $1 billion worth of stablecoins through front companies in the UK. In simple terms, they used the decentralized nature of USDT to facilitate cross-border fund flows. This method is indeed quite covert.

**Venezuela's Story**

In an environment of high inflation, USDT has long been integrated into daily life. Buying goods on the street, settling large trades—stablecoins have become a practical payment tool. It sounds like they saved the economy, but there are other tactics behind it.

Venezuela's state oil company PDVSA has been using USDT to settle oil exports since 2020, effectively bypassing international sanctions. For companies, this has indeed solved many problems.

**How to Understand This Contradiction?**

For ordinary people: Stablecoins = a tool to fight inflation and protect assets

For certain entities: Stablecoins = a way to evade regulation and facilitate cross-border capital transfers

This contrast has already attracted the attention of global regulators. It is expected that by 2026, compliance standards for stablecoins will become a key focus for regulators worldwide.

**Tips for Investors**

Geopolitics and financial innovation are becoming increasingly intertwined. The uncertainty in the stablecoin ecosystem is rising, so everyone should pay close attention to policy developments, especially to be aware of compliance risks in asset holdings. Otherwise, if you get caught in a trap, it will be too late to regret.