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Tag: Venezuela

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Why Stablecoins Have Replaced the Bolívar in Venezuela
What began as a workaround for a handful of crypto-savvy citizens has transformed into the financial backbone of an entire country.
A Parallel Dollar Economy
The bolívar, battered by years of hyperinflation and capital controls, has become little more than… Read full article
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‘Binance dollars’ replace Venezuela’s bolívar as inflation hits 229%
As inflation hits 229%, stablecoins like USDt are overtaking Venezuela’s bolívar for everyday payments, from groceries to salaries. Read full article
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Latam Insights: El Salvador Purchases Gold, USDT Rises as a Crude Settlement Tool in Venezuela
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, El Salvador turns to gold to diversify its foreign reserves, Venezuela reportedly uses USDT to settle crude… Read full article
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“Binance dollars” replace Venezuela’s bolívar as inflation hits 229%
As inflation hits 229%, stablecoins like USDt are overtaking Venezuela’s bolívar for everyday payments, from groceries to salaries. Read full article
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