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Venezuela Bolivar Crisis Sends USDT Demand Soaring on Binance P2P
Summary by BeInCrypto
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
Key Points of the News The demand for USDT in Venezuela continues to grow as the bolívar loses value and access to US dollars through the banking system remains limited. Binance P2P's data show that the stablecoin advanced about 16% against the local currency during the last 30 days. Meanwhile, the country's monetary liquidity exceeded the 2 billion bolívars, increasing the pressure on households and companies that resort to digital dollars to p…
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