USDT Trading in Venezuela Hits $44M a Day, Rivaling Oil Revenue
Covered by 2 sources · 2 articles
2 outlets - including Coinedition and Cryptonomist - are covering this story. Venezuela’s peer-to-peer dollar market runs through USDT, giving users a parallel route for payments, savings, and hard-currency access. Between June 11 and July 13, Ecoanalítica estimated that Binance P2P users exchanged at least 1.389 bil…
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USDT Emerges as Venezuela’s Financial Social Network as Trading Hits $1.39B, Rivaling Oil
Venezuela’s peer-to-peer dollar market runs through USDT, giving users a parallel route for payments, savings, and hard-currency access. Between June 11 and July 13, Ecoanalítica estimated that Binance P2P users exchanged at least 1.389 bil…
USDT Trading in Venezuela Hits $44M a Day, Rivaling Oil Revenue
Something unusual is happening in Venezuela’s financial system — and it has nothing to do with oil. USDT trading in Venezuela has reached levels that economic researchers say are now comparable to the country’s oil export revenues, a develo…