The price of USD Tether (USDT), the stablecoin issued by the company Tether Limited, reached an average of 369 bolivars per unit in Venezuela. This, in the Binance P2P market. It must be taken into account that USDT is traded in Venezuela on different exchanges and platforms.
In addition to Binance, where the price of the currency ranges from 369 bolivars, in Bybit the stablecoin is trade above 370 bolivars for the purchase. Meanwhile, USDT is traded at 372 bolivars for purchase on Crixto. The latter is one of the cryptocurrency platforms authorized to operate in Venezuela.
This is the highest value recorded in 2025 and represents an increase of 70% in the last three months. The situation occurs in a context marked by the sustained depreciation of the bolivar and the persistence of inflation.
The graph below shows how the price of USDT has been progressively climbing in Venezuela in the last three months, reaching new price peaks:
The bolivar constantly loses value against the dollar and USDT
The increase in the price of USDT in Venezuela is directly linked to the loss in value of the bolivar. The Venezuelan economist José Guerra affirms that the national currency has suffered an “aggressive depreciation.” This, when remembering that the US dollar has appreciated by 420% against the bolivar in just one year.
In his opinion, this situation has been “provoked” by the Central Bank of Venezuela and by the political crisis. He explains that, due to sanctions on the oil industry, the Venezuelan government has chosen to receive payments in digital assets, including USDT, which are subsequently assigned to the BCV to be auctioned in private processes where a “floor” is set.
Of those operations, he said, “a high dollar price” is resultingwhich, according to him, shows that “it was the Central Bank itself that induced this depreciation.”
The following graph reflects the increase in the US dollar in Venezuela, according to the official rate arbitrated by the BCV.
Consulted by CriptoNoticias, Guerra points out that when the bolivar depreciates or devalues against the dollar, this immediately affects the price of the Venezuelan currency with respect to the USDT.
“This is the same as expressing a devaluation of the bolivar with respect to the dollar, because the USDT is the mirror of the dollar,” he explains.
The government, however, maintains a different interpretation of the depreciation of the bolivar. For the authorities, this is a consequence of the so-called “economic war” that other nations maintain against the Chavista political project.
The executive vice president of Venezuela, Delcy Rodríguez, denounced in August that the so-called economic war is “the main instrument of aggression” used by its detractors. And he assured that, despite these alleged attacks, Venezuela record a growth of 8.71% in the third semester of the yearaccording to the BCV.
USDT on load
In the midst of this panorama, where mainly the bolivar and then the dollars in cash and the leadership of the Venezuelan economy are disputed, the use of USDT and other stablecoins are consolidated in the country as a protection mechanism against the loss of purchasing power.
CriptoNoticias has reported that local banks have already partnered with fintechs to exchange physical dollars for USD Coin (USDC) and that USDT is used in businesses and services to avoid the weakness of the bolivar. In addition, even informal sectors adopt it on a regular basis.
The reality is that the evolution of USDT in Venezuela is more than constant. Furthermore, it also shows that the domestic market continues to adjust to the loss in value of the bolivar.