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Venezuela crypto activity doubles in a year, fastest growth in Latin America

Venezuela\'s cryptocurrency activity more than doubled in a year, posting the fastest growth among major Latin American markets as dollar-pegged stablecoins are used to store value and for remittances and payments. Activity reached $39.1 billion in the year to June 30, up 107.2 percent. Brazil had the region’s largest market at $252.5 billion. Chainalysis data also showed a sharp rise in outflows after political upheaval in January.