‘Binance Dollars’ Replace Venezuela’s Bolívar as Inflation Hits 229%

USDT Gains Popularity as Currency amid Venezuela's Economic Crisis

Key highlights: Venezuela’s USDT replaces bolivar for groceries, bills, and salaries Stablecoins account for 47% of small crypto transactions in Venezuela Three dollar rates, one popular choice, and a surge in crypto adoption Venezuelans are increasingly using stablecoins in daily transactions as inflation soars to 229% year-on-year. USDT has become a reliable alternative to the national currency, used for everything from groceries and utility…

Venezuela Turns to Tether’s USDt as Inflation Tops 229%

Why Stablecoins Are Replacing the Bolívar Stablecoins like Tether’s USDT have become a lifeline in Venezuela’s collapsing economy, where inflation hit 229% annually in 2025 and the bolívar has all but disappeared from daily commerce. The International Monetary Fund estimates cumulative inflation since 2013 at over 10 million percent, erasing savings and trust in the national currency. Once used mainly by crypto enthusiasts, USDT—known locally as…

Venezuelans Turn to Stablecoins as Hyperinflation Erodes Bolívar

With a yearly inflation rate of 229% and a financial system in disarray, stablecoins like USDT have become the go-to money for millions of Venezuelans. According to Mauricio Di Bartolomeo, who left Venezuela before co-founding Ledn in 2018, Tether’s USDT, more often known as “Binance dollars,” is now used for everything from groceries and condo fees to wages and vendor payments. It was formerly only utilized by crypto-savvy users. Crypto to the …

‘Binance dollars’ replace Venezuela’s bolívar as inflation hits 229% - WorldNL Magazine

Stablecoins like USDt have become the de facto currency for millions of people navigating a crumbling financial system in Venezuela as the country’s annual inflation rate surges to 229%.Once limited to crypto-savvy users, Tether’s USDt (USDT), often referred to locally as “Binance dollars,” is now widely used across Venezuela for everything from groceries and condo fees to salaries and vendor payments, Mauricio Di Bartolomeo, who fled Venezuela …

“Binance dollars” replace Venezuela’s bolívar as inflation hits 229%

As inflation hits 229%, stablecoins like USDt are overtaking Venezuela’s bolívar for everyday payments, from groceries to salaries.

‘Binance dollars’ replace Venezuela’s bolívar as inflation hits 229%

Venezuelans are ditching the bolívar for stablecoins like USDt as inflation soars to 229%, with stablecoins now used for everything from groceries to payroll.