Bolivia is facing a severe economic crisis. The country is literally running out of dollars. Their foreign reserves have collapsed from $15 billion a decade ago to just $50 million today. In June 2024, Bolivia legalized cryptocurrencies, and digital asset transaction volume exploded - growing over 500 percent in the past year.To participate in the global economy, businesses are turning to stablecoins for access to dollar assets. From Binance peer-to-peer trading to stablecoin-powered credit cards, we explore how people survive when their country runs out of dollars, and how stablecoins are being used for global spending. Watch the full episode on YouTube.00:00 - Bolivia ran out of dollars02:06 - Stablecoins to the rescue03:25 - How did Bolivia get here?04:11 - Bolivia's parallel economy06:24 - Meru09:55 - What happens when a country runs out of dollarsOur Links -🎥 YouTube - https://youtube.com/@thefliphq🐦 Twitter - https://twitter.com/thefliphq👥 LinkedIn - https://www.linkedin.com/company/thefliphq/📸 Instagram - https://instagram.com/thefliphq💻 Website - https://theflip.africa