Why Fiat Rails Are the Weak Link in Volatile Markets

[ed]

Commenting on the move, Web3 analyst Ana Gabriela Ojeda said pauses like this usually reflect structural challenges rather than waning interest in crypto. She pointed to unclear regulation, dependence on correspondent banks, rising compliance costs, and limited transaction volumes as common pressure points for exchanges operating fiat rails in volatile economies.

According to Ojeda, the decision is “not a signal against crypto or stablecoins,” but a reminder that integrating local financial systems can be harder than deploying blockchain infrastructure. In markets with inflation and regulatory uncertainty, fiat on- and off-ramps often become the most fragile part of the stack.

[96f402f86e]

local banking + compliance is always the hardest part, chains are the easy bit