• High-inflation economies are turning to crypto as daily savings weaken under unstable currencies.
• Chainalysis data shows Turkey, Argentina, and Nigeria leading global crypto activity.
• Stablecoins remain the strongest entry point where local currencies lose trust.

A new phase of global inflation has pushed several economies toward digital assets, especially where national currencies continue to lose value, as per the reports.

Chainalysis data covering July 2024 to June 2025 shows how sharply crypto usage has risen across regions facing persistent price pressure.

Turkey processed $200 billion in crypto transactions, followed by Argentina with $93.9 billion, Nigeria with $92.1 billion, Venezuela with $44.6 billion, and Bolivia with $14.8 billion.

This trend began during the early 2020s, when pandemic stimulus, supply disruptions, and the energy crisis created multi-year inflation surges. While global inflation has eased through strict central bank policies, many countries remain trapped in double- and triple-digit territory.

In these regions, crypto has become a practical tool for storing value, settling payments, and keeping savings accessible.

Also Read: FCA Trials Crypto Disclosure Templates in Push for New UK Rulebook

Bolivia and Venezuela See Heavy Stablecoin Use

It has also faced constant pressure on the boliviano currency with an estimated 22% inflation in October 2025. For a long period, the economy has remained weak due to low foreign exchange reserves, which fell from 15 billion in 2014 to a level below 2 billion in late 2024.

As prices of products went up, crypto transactions increased to 14.8 billion, with stablecoin price labels being seen in retail outlets.

Venezuela is one of the economies that is currently being affected most by this situation. Venezuela’s inflation rates were over 170% in April 2025, with the IMF expecting it to hit 600% by late 2026.

Venezuelans transferred a total of crypto worth 44.6 trillion in a year, putting Venezuela among the heavy users of cryptocurrencies in Latin America. 

According to local sources, stablecoins have become a financial daily aid due to the need to save what is left of the economy.

Turkey, Nigeria, and Iran Keep Crypto Demand High

Turkey currently has an inflation level of about 32% but is leading the MENA region with crypto transactions valued at $200 billion. There is an increased use of altcoins due to consumers seeking alternative means of preserving value, given the past monetary turbulence.

Nigeria is also a significant crypto hub. The level of inflation has dropped to 16%, but the lack of access to foreign currencies is still enticing the population to use stablecoins. The region acquired a total of $92.1 billion worth of cryptocurrencies, the highest in Sub-Saharan Africa.

Iran’s 45% increase in inflation levels sees it continue to regulate crypto but not restrict activity. Iran sees an influx of investment outperforming past years despite sanctions and energy prices.

Also Read: Spain Reveals New Reform Targeting Crypto Rules and Tax Policies