People in Iran are now heavily reliant on stablecoins to hedge against the local currency losing it's value.
The Iranian rial is down about 96% against the US dollar over the past year on tracked exchange rates.
In such regions, stabelcoins are financial survival tools.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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