US EditionVenezuela USDT Adoption Surges as Inflation Hits 229%
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In the streets of Caracas, where the tropical sun illuminates buildings that have seen better times, daily life has become an act of ingenuity and resilience. Economic instability, a constant shadow of inflation and devaluation, has led millions of Venezuelans to seek a safe place for their savings, after efficient [...] The post USDT is the new mobile payment system in Venezuela first appeared on latinapress news.
Venezuela USDT Adoption Surges as Inflation Hits 229%
Venezuela is facing one of the highest inflation rates in the world. Inflation in the country has reached 229%, making the national currency, the bolívar, nearly worthless, reports Cointelegraph. Many Venezuelans are now turning to USDT (Tether) as a safer alternative. Merchants are also pegging prices to Binance P2P dollar rates, treating USDT as the main currency for everyday transactions. INSIGHT: With 229% inflation, Venezuela has turned to …
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