💵 Why is VND/USDT surging on crypto exchanges?
Recently, the price of USDT converted to VND on Binance P2P and other exchanges has been continuously climbing, reaching as high as 26,300 – 26,600 VND/USDT at times, higher than the free USD exchange rate. The main reasons:
✅ Strong demand for buying USDT due to the hot crypto market, with many people FOMOing in to trade, invest in IEOs, staking...
✅ Supply of USDT is decreasing as many people are reluctant to sell due to banking transaction controls, or they are holding USDT as a safe-haven asset.
✅ Defensive sentiment and macro risk concerns are causing many to switch from VND to stablecoins.
💱 When demand increases - supply decreases, the VND/USDT exchange rate rising is inevitable.
👉 Those holding USDT during this period can benefit significantly.
Be cautious and seize the opportunity!
