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Several high-inflation countries are accelerating the adoption of crypto assets as alternative store of value. Chainalysis data shows that between July 2024 and June 2025, the scale of crypto transactions in Turkey reached $200 billion (local inflation is about 32%), Argentina reached $93.9 billion (inflation is about 31%), Nigeria reached $92.1 billion (inflation is about 16%), Venezuela reached $44.6 billion (inflation exceeds 170%), and Bolivia reached $14.8 billion (inflation is about 22%). According to the report, despite the decline in global inflation, crypto assets are still seen as a viable alternative in economies where the local currency system is still unstable. (Cointelegraph)
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