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How to make cryptocurrencies work for emerging economies
Simplifying wallet user interfaces and providing multilingual support could also go a long way in encouraging widespread adoption of these currencies, particularly in financially underserved communities.
Over the last decade, many people have turned to cryptocurrencies such as Tether (USDT), the stablecoins pegged to the United States dollar, as alternative stores of value and hedges against macroeconomic instability.
Powered by decentralised blockchain systems, these currencies have also helped bridge financial inclusion gaps in economies with limited banking infrastructure, particularly in Asia and South America.