Unfavorable rules from governments, refusal of payments, and other issues may lead people to consider using cryptocurrency and stablecoin wallets.

Stablecoin wallets have become a secure and practical choice for individuals to keep their money decentralized and away from government control. Forbes points out that payment rejections and unfavorable government policies are likely to prompt more individuals to adopt cryptocurrencies and stablecoins.

Stablecoin wallets help individuals keep their cash away from traditional banks. Despite the fact that 76% of adults globally have some form of bank account, banks can act unpredictably and without consideration. It does not guarantee financial stability in the long run. Therefore, possessing a cryptocurrency wallet with stablecoins that are tied to a currency’s value could be the public's best defense against unreliable institutions.

Unfortunately, the denial of payment services is not restricted to banks, as payment apps like Wise, CashApp, Paypal, Venmo, and CashApp function similarly. Governments and law enforcement can also impose restrictions, such as what happened with the Sparkpay platform during the 2019 Hong Kong protests and the financial penalties faced by #endsars protestors in Nigeria in 2020.

The increasing US debt, uncertainty around the Fed's interest rate plans, and currency devaluation have made traditional financial markets less appealing for investors. With rising volatility and financial stress, the crypto markets have shown resilience and are gaining popularity.

As concerns about currency devaluation grow due to the mounting US debt, people are looking towards decentralized solutions, making crypto an attractive option for many investors. Amidst potential market volatility and a possible decline in government asset value, the cryptocurrency and stablecoin markets are expected to see continued growth as more investors shift towards the virtual curretncy industry.