$CRCL: A Pick-and-Shovel Play on LATAM Monetary Instability

AfraSimon
01-06 12:45

Just found a potentially bigger idea to profit off the Venezuela (and broader LATAM) instability.

Venezuela has struggled with hyperinflation and its people are increasingly transacting in stablecoins.

People literally use stablecoins to store savings, pay salaries, and move money because the bolívar is so unusable.

Venezuela primarily transacts using 2 specific stablecoins.

USDT (tether) and USDC (circle).

I'm focusing on $Circle Internet Corp.(CRCL)$ because...*listen closely*... CRCL already has a history of collaborating with NGOs + local government officials to send humanitarian aid to Venezuela using USDC...

In fact, CRCL was used in the first-ever instance of global aid being distributed via blockchain.

...aka USDC is used when institutions, NGOs, or aid programs are involved (because of its compliance & trust).

Instability, both politically and monetarily, are the hottest issues in LATAM right now.

CRCL isn’t a trade just for the Venezuela situation.

It’s the pick-and-shovel play for monetary instability all over the world.

Feels pretty relevant right now.

CRCL is currently ~$85.

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