The Shift to Stablecoins in Turkey

Stablecoins are gaining popularity in Turkey as individuals seek to manage their savings amidst economic instability. People in Turkey are increasingly using stablecoins, like Tether, as a means to store value and facilitate transactions, bypassing the inefficiencies of traditional banking. For instance, local shopkeepers in the Grand Bazaar utilize stablecoins to pay suppliers efficiently, demonstrating their practical applications in everyday commerce. This trend reflects a broader movement in developing countries where soaring inflation drives citizens toward more stable financial instruments.