Should it be because they use the price of the dollar in USDT as a reference and not the BCV rate? It tends to be confusing.

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