Why do many people in Venezuela use USDT as a reference instead of the dollar? 🇻🇪

In Venezuela, one of the most frequently asked questions is:

'Why does everything now seem to be measured in USDT?'.

The answer has to do with economics, inflation, and, above all, stability.

Protection against inflation:

the bolívar constantly loses value, and USDT, being linked to the dollar, acts as a digital refuge for savings.

Price reference:

according to reports from local media, a large part of businesses and exchange houses already use USDT to set prices, making it a practical reference.

Fast and efficient:

sending or receiving USDT is quick and, in many cases, more convenient than using banks or traditional remittances.

Use even in large transactions:

reports mention that companies and institutions, such as PDVSA, have resorted to USDT in some international transactions, reinforcing its presence.

In short:

USDT is not just a 'digital currency'; it is the tool that millions of Venezuelans have adopted to maintain stability amid economic uncertainty.

And now I ask you:

Is USDT also used as a reference in your country, or does physical dollar still dominate?

If you like what I share, I invite you to comment or share what has been most helpful to you.

#BinanceVenezuela #BİNANCE #HEMIBinanceTGE #FamilyOfficeCrypto #AKEBinanceTGE