Venezuela Bolivar Crisis Drives Increased Demand for Tether (USDT) on Binance P2P
The devaluation of Venezuela's bolivar has led to a surge in demand for the stablecoin USDT, with its value rising about 16% against the bolivar over the past month. As monetary liquidity tops 2 trillion bolivars and access to foreign currency dwindles through official channels, residents are increasingly turning to P2P platforms like Binance.
Topics: Binance P2P hyperinflation monetary policy USDT Venezuela