Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique. : In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored bitcoin adoption in the Middle East and the second covered Africa. Some believe the broader economic crisis might lead to “dollarization” in emerging markets, where people increasingly use global currencies like dollars instead of their local fiat.