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USDT Surges in Unstable Markets Amid Currency Crises

1/19/2026

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Summary

Story summary

Since 2014, Tether's USDT stablecoin has gained popularity in Russia, Iran, and other emerging economies amid political instability.
Users rely on USDT for remittances and to protect wealth from local currency devaluation.
Demand surged in Venezuela after U.S. military intervention, spiking USDT prices.
Experts say this demand signals safety needs in unstable markets and may depress local currencies, while stablecoins pose risks.

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Story summary

Since 2014, Tether's USDT stablecoin has gained popularity in Russia, Iran, and other emerging economies amid political instability.
Users rely on USDT for remittances and to protect wealth from local currency devaluation.
Demand surged in Venezuela after U.S. military intervention, spiking USDT prices.
Experts say this demand signals safety needs in unstable markets and may depress local currencies, while stablecoins pose risks.