User-Yosoy
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BREAKING: #GOLD prices fall -3.5% in 15 minutes and officially drop back below $5,000/oz.
Buy
Silver crashes under $80, falling over 7% today
#crypto
#crypto
They are fabricating Bs to buy on Binance, further destabilizing the Venezuelan currency and the market, please block Binance for Venezuela for now.
Public employees continue to earn the same, the only ones who have Bs in quantity are those who manufacture them and since they are not being given the foreign currency directly...
The increase in the money supply in Venezuela🇻🇪💵 is driving the devaluation of the bolívar and, as a direct consequence, the price of $USDT against the bolívar has already risen by around 15% in just one week. This means that Venezuelans will increasingly turn to USDT as a refuge against inflation and the loss of purchasing power.
Immediate impact on USDT 🇻🇪💵
Money supply: The Central Bank of Venezuela (BCV) raised liquidity to nearly 950,000 million bolívares.
Exchange rate: The excess issuance puts upward pressure on the parallel dollar and, by extension, the price of USDT.
Effect on USDT: In just one week, USDT rose 15% against the bolívar, reflecting the loss of confidence in the local currency.
Trends in USDT usage in Venezuela
Everyday payment method: Trade, remittances, and savings are increasingly done in USDT, which has become a “common currency” for the population.
Protection against inflation: In light of the acceleration of bolívar issuance, citizens seek refuge in stablecoins like USDT and USDC.
Alternative to physical dollars: Restrictions and shortages of banknotes make USDT more practical and accessible.
Risks and considerations
Regulatory volatility: The government could impose restrictions on the use of stablecoins.
Liquidity in local exchanges: Growing demand may strain the supply of USDT on P2P platforms.
Technological dependence: Accessing USDT requires connectivity and secure platforms, which can exclude less digitalized sectors.
Conclusion
The increase in the money supply in Venezuela strengthens the position of USDT as a financial refuge. While the bolívar loses value, USDT becomes the reference for prices, salaries, and savings. The trend points to a de facto digital dollarization, where USDT is the protagonist.
Immediate impact on USDT 🇻🇪💵
Money supply: The Central Bank of Venezuela (BCV) raised liquidity to nearly 950,000 million bolívares.
Exchange rate: The excess issuance puts upward pressure on the parallel dollar and, by extension, the price of USDT.
Effect on USDT: In just one week, USDT rose 15% against the bolívar, reflecting the loss of confidence in the local currency.
Trends in USDT usage in Venezuela
Everyday payment method: Trade, remittances, and savings are increasingly done in USDT, which has become a “common currency” for the population.
Protection against inflation: In light of the acceleration of bolívar issuance, citizens seek refuge in stablecoins like USDT and USDC.
Alternative to physical dollars: Restrictions and shortages of banknotes make USDT more practical and accessible.
Risks and considerations
Regulatory volatility: The government could impose restrictions on the use of stablecoins.
Liquidity in local exchanges: Growing demand may strain the supply of USDT on P2P platforms.
Technological dependence: Accessing USDT requires connectivity and secure platforms, which can exclude less digitalized sectors.
Conclusion
The increase in the money supply in Venezuela strengthens the position of USDT as a financial refuge. While the bolívar loses value, USDT becomes the reference for prices, salaries, and savings. The trend points to a de facto digital dollarization, where USDT is the protagonist.
What a mess! 😂
The increase in the money supply in Venezuela🇻🇪💵 is driving the devaluation of the bolívar and, as a direct consequence, the price of $USDT against the bolívar has already risen by around 15% in just one week. This means that Venezuelans will increasingly turn to USDT as a refuge against inflation and the loss of purchasing power.
Immediate impact on USDT 🇻🇪💵
Money supply: The Central Bank of Venezuela (BCV) raised liquidity to nearly 950,000 million bolívares.
Exchange rate: The excess issuance puts upward pressure on the parallel dollar and, by extension, the price of USDT.
Effect on USDT: In just one week, USDT rose 15% against the bolívar, reflecting the loss of confidence in the local currency.
Trends in USDT usage in Venezuela
Everyday payment method: Trade, remittances, and savings are increasingly done in USDT, which has become a “common currency” for the population.
Protection against inflation: In light of the acceleration of bolívar issuance, citizens seek refuge in stablecoins like USDT and USDC.
Alternative to physical dollars: Restrictions and shortages of banknotes make USDT more practical and accessible.
Risks and considerations
Regulatory volatility: The government could impose restrictions on the use of stablecoins.
Liquidity in local exchanges: Growing demand may strain the supply of USDT on P2P platforms.
Technological dependence: Accessing USDT requires connectivity and secure platforms, which can exclude less digitalized sectors.
Conclusion
The increase in the money supply in Venezuela strengthens the position of USDT as a financial refuge. While the bolívar loses value, USDT becomes the reference for prices, salaries, and savings. The trend points to a de facto digital dollarization, where USDT is the protagonist.
Immediate impact on USDT 🇻🇪💵
Money supply: The Central Bank of Venezuela (BCV) raised liquidity to nearly 950,000 million bolívares.
Exchange rate: The excess issuance puts upward pressure on the parallel dollar and, by extension, the price of USDT.
Effect on USDT: In just one week, USDT rose 15% against the bolívar, reflecting the loss of confidence in the local currency.
Trends in USDT usage in Venezuela
Everyday payment method: Trade, remittances, and savings are increasingly done in USDT, which has become a “common currency” for the population.
Protection against inflation: In light of the acceleration of bolívar issuance, citizens seek refuge in stablecoins like USDT and USDC.
Alternative to physical dollars: Restrictions and shortages of banknotes make USDT more practical and accessible.
Risks and considerations
Regulatory volatility: The government could impose restrictions on the use of stablecoins.
Liquidity in local exchanges: Growing demand may strain the supply of USDT on P2P platforms.
Technological dependence: Accessing USDT requires connectivity and secure platforms, which can exclude less digitalized sectors.
Conclusion
The increase in the money supply in Venezuela strengthens the position of USDT as a financial refuge. While the bolívar loses value, USDT becomes the reference for prices, salaries, and savings. The trend points to a de facto digital dollarization, where USDT is the protagonist.
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The drop of USDT should not distress those who believe or those who know, keeping calm is the most important whether there are rises or drops. If my income is in Bs and I converted it to USDT when the price in Bs was high and now it has dropped, do not change it. The only way to lose is to change right now. Educate yourself on the platform and invest what you have; maintaining consistency is very important.
temporarily close Binance in Bs
People, please, lower it by 2 as your desperation drives the crazy USDT prices. If it was already more expensive than the average Dollar and BCV, I don't see the need to destabilize the market by posting prices up to 1,000 VES/USDT. Please, calm down, because you'll end up ruining everything
Those who make the Bolívares are buying
The USDT situation in Venezuela no longer makes any sense; how is it possible that it goes up over 100Bs from one day to the next #P2P #Venezuela
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