Turkish investors turn to stablecoins amid Lira’s depreciation

The Turkish lira’s ongoing decline against the U.S. dollar has prompted a surge in local demand for stablecoins, particularly Tether (USDT), as investors seek refuge from the country’s economic uncertainties. Despite the global crackdown on cryptocurrencies and falling prices for major tokens, stablecoins have become an attractive option in Turkey, where the lira has suffered…