USDT surpasses the dollar in state liquidations of Venezuela

The Venezuelan state prioritizes the use of USDT in its liquidations in September, marking a currency shift, according to the economist.

P2P platforms and authorized exchange houses facilitate access and conversion to bolívares.

Education promotes adoption by reducing risks.

The Venezuelan state is making a shift in its exchange strategy, executing more liquidations in the stablecoin Tether (USDT) than in U.S. dollars in September. This was revealed by economist and consultant Asdrúbal Oliveros, who highlighted the "transcendental change" occurring in the Venezuelan exchange market.

This shift, driven by inflation and the devaluation of the bolívar, represents a drastic transformation that redefines the national financial landscape. "The change, initiated two months ago, implies that the government assigns USDT directly to key companies through two authorized platforms, instead of dollars through banks, as was done in traditional auctions since 2019," Oliveros explained in a recent radio interview.#usdtvenezuela