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crypto15 %The Turkish lira has lost 15% of its value against the dollar in one year

Turkey: Savers flee the lira for stablecoins

The Turkish lira has lost 15% of its value against the dollar in one year.

Published 10sem1 sourceNotable
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The fact

Faced with inflation and currency depreciation, households are turning to stable cryptocurrencies.

Stablecoins provide easier access to dollar exposure than traditional currencies.

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Why it matters

La dépréciation de la livre turque et l’inflation poussent les épargnants vers des actifs stables, illustrant l’adoption croissante des cryptomonnaies comme refuge monétaire dans les économies en crise.

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