Many Wealthy Indonesians Are Turning to USDT

[Suba]

According to Bloomberg News, many wealthy Indonesians with a net worth between US$100 million and US$400 million have moved some of their assets into various instruments such as gold, real estate, and the USDT stablecoin. To avoid government scrutiny, they are gradually allocating their wealth. Their motives and objectives for holding USDT are unknown, whether as an investment in USD rather than local currency (IDR), an international payment instrument, or money laundering.

The abundance of crypto exchanges makes it easier for individuals to avoid large direct transactions and instead can split smaller transactions across multiple crypto exchanges.

 

[Starmix]

That is a normal thing for those who are wealthy; they can do what they believe will multiply their wealth and assets.

 

[Trush Jodie]

Could it be that the fiat currency of Indonesia is not stable and always fluctuating. And those billionaires find the stability holding their funds in crypto stable coins.