๐ QUICK SUMMARY
- Dollarization is using the dollar as the main currency
- De-dollarization is about reducing that dependency
- Cryptos like USDT are a digital dollarization without cash
- Bitcoin can be a neutral alternative between the dollar and fiat currency.
- Understanding this helps you decide where to stash your savings
๐ Keep reading to get the lowdown on the debate
What is dollarization?
It's when a country uses the US dollar as legal tender.
It can be official, like in Ecuador or El Salvador.