Venezuelans Turn to Binance to Buy USDT as a Hedge Against Bolivar Weakness USDT has risen about 16% over the past 30 days in Venezuela’s local P2P market, climbing from around 690 bolivars to briefly above 800 bolivars, according to CriptoNoticias.
The report said rapid bolivar liquidity expansion, limited bank dollar supply and foreign-exchange purchase caps are pushing businesses and residents toward P2P platforms such as Binance to preserve value. — link