In the heart of the South American Caribbean, Venezuela is going through one of the most prolonged economic crises in the region. Between persistent inflation, the collapse of the banking system and international sanctions, Tether (USDT) emerged as a functional ...
Orlando Sevilla highlights the ineffectiveness of the $ 100 dollar ticket today. Analysts explain the distortion of the USDT for high demand, shortage of dollars and control. In Venezuela, a particular economic phenomenon converges in which 100 Tether (USDT) exceeds ...
The specialist explained why there is no perfect 1: 1 parity between the USDT and the US dollar. Castro claimed that Venezuelans still have a lot to learn about Binance and cryptocurrencies. In the last hours, analyst Hever Castro spoke ...
This Friday, USDT is quoted in more than 300 bolivars in the Binance P2P market. The use of USDT has grown remarkably in Venezuela this year. The contribution of USD Tether (USDT), the largest dollar stablecoin on the market, has ...
In Venezuela, the stablecoins such as USDT (Tether) have become, with the passing of the years, in popular tools to protect the value of money against the devaluation of the Bolívar, the national currency. In this article, we explain what ...
The World Total store chain announced the acceptance of payments with Tether (USDT) in Venezuela, promising a direct conversion to Bolívares. This initiative, promoted by alliances with the payment platforms of the Binance and Cryxto cryptocurrency exchanges, quickly triggered a ...
The Venezuelan State is taking a turn in its exchange strategy, making more liquidations in the stablecoin tether (USDT) than in US dollars. This was revealed by the economist and consultant Asdrúbal Oliveros, who highlighted the “transcendental change” that is ...
The BCV explores USDT as a solution to the shortage of currencies marking a “deep transformation.” Venezuela is obliged to look for pragmatic and unconventional solutions. The stablecoin tether (USDT), linked to the US dollar, is consolidating as a key ...
The devaluation of the Bolívar promotes the use of Stablecoins to make daily payments. Cryptocurrency remittances grew to 461 million dollars in 2023, 9% of the total. The stablecoins are consolidated as the backbone of low value payments in Venezuela, ...
For Ojeda, it would not make much sense that the Government of Venezuela be inclined to USDT and not by BTC. The specialist believes that adopting USDT would be counterproductive with the intention of joining the BRICS. The Venezuelan lawyer ...