ALTAVIBRA - PORTAL LATINO
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🔥🪙 THE PARADOX OF VENEZUELAN P2P 🇻🇪: A high-demand market without official supply.
In Venezuela, the peer-to-peer (P2P) cryptocurrency buying and selling market shows a unique situation in the region: the value of stablecoins like USDT and USDC is much higher than the official exchange rate of the dollar from the Central Bank of Venezuela (BCV). What accounts for this significant difference?
The answer lies in the law of supply and demand.
The search for an alternative.
Due to strict restrictions on access to foreign currency through regular channels, banks, or licensed exchange houses, Venezuelans have found in stablecoins an essential tool. These cryptocurrencies, whose value is pegged to the US dollar (1:1), allow them to:
The answer lies in the law of supply and demand.
The search for an alternative.
Due to strict restrictions on access to foreign currency through regular channels, banks, or licensed exchange houses, Venezuelans have found in stablecoins an essential tool. These cryptocurrencies, whose value is pegged to the US dollar (1:1), allow them to:
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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