Massive protests have erupted after the Iranian rial hit a historic low of 1.42 million against the dollar. Footage circulating online shows hundreds gathering in response to the currency's collapse. This kind of rapid currency devaluation is exactly why many see decentralized assets as a hedge against traditional financial instability. When national currencies lose their purchasing power this dramatically, it highlights the vulnerability of relying solely on centralized monetary systems. Real-time example of how quickly fiat can erode value.
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GweiTooHigh
· 11h ago
Iran is done again, which is why you should get on the crypto train...
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ProtocolRebel
· 11h ago
Iranian currency has collapsed. That's why I am optimistic about on-chain assets; centralized systems are truly fragile.
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WagmiAnon
· 11h ago
Iran's current inflation is truly a textbook-level fiat collapse scene...
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GameFiCritic
· 11h ago
The recent decline of the Iranian Rial is honestly quite shocking... 1,420,000 to 1 USD. This vividly demonstrates the fragility of the centralized monetary system, no way to argue with that.
But then again, just shouting that decentralized assets can hedge is a bit too idealistic, right? The key still depends on how well the project's token deflation model is designed; otherwise, it's just a different way to cut.
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ShitcoinConnoisseur
· 11h ago
Iran really can't hold on this time; centralized currencies collapse like this.
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LayerZeroHero
· 11h ago
It has been proven that centralized monetary systems are a ticking time bomb. Iran's case perfectly validates this protocol vulnerability... and so on. In scenarios like this, the security risks of cross-chain asset transfers are actually new challenges.
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LayerZeroHero
· 12h ago
This wave of inflation in Iran, to put it simply, is the endgame of centralized finance. Web3 should have been popularized long ago.
Massive protests have erupted after the Iranian rial hit a historic low of 1.42 million against the dollar. Footage circulating online shows hundreds gathering in response to the currency's collapse. This kind of rapid currency devaluation is exactly why many see decentralized assets as a hedge against traditional financial instability. When national currencies lose their purchasing power this dramatically, it highlights the vulnerability of relying solely on centralized monetary systems. Real-time example of how quickly fiat can erode value.