What is happening with #Venezuela is wild. Inflation has exploded in the street because prices are adjusting to the price of #usdt . This seems crazy to me because Binance is a crypto market, but this is a consequence of a very poorly managed economy. A country that is in free fall into extreme poverty.
Every time you blink, the food prices go up, and it will continue until the exchange price reaches the price of USDT on Binance, which is madness for this country.
Nati_nutti
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USDT in Venezuela: Is it the "Digital Refuge" or a Temporary Patch?
In front of a Bolรญvar that loses value every hour, Venezuelans have found an unexpected ally: USDT. This stablecoin, pegged to the dollar, has become the favorite digital wallet to safeguard money. Great, yes, but it's inevitable to wonder: Are we building a financial future on a real and lasting solution, or simply using the best burning nail we found? ๐ธ USDT: A Digital Bunker Against Devaluation USDT is the most accessible way to dollarize your savings. By having your funds in USDT, you are essentially shielding them against the chronic devaluation of the Bolรญvar, a protection that traditional banking does not offer.
Ally? More like an unexpected drain. Inflation has skyrocketed in an abysmal way, because the economy is trying to reach the price of USDT, which is 290bs
Nati_nutti
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USDT in Venezuela: Is it the "Digital Refuge" or a Temporary Patch?
In front of a Bolรญvar that loses value every hour, Venezuelans have found an unexpected ally: USDT. This stablecoin, pegged to the dollar, has become the favorite digital wallet to safeguard money. Great, yes, but it's inevitable to wonder: Are we building a financial future on a real and lasting solution, or simply using the best burning nail we found? ๐ธ USDT: A Digital Bunker Against Devaluation USDT is the most accessible way to dollarize your savings. By having your funds in USDT, you are essentially shielding them against the chronic devaluation of the Bolรญvar, a protection that traditional banking does not offer.
It's incredible the madness that is unfolding in Venezuela with the value of $. Everything has increased dramatically from the 170-180bs base that the dollar currently has, in search of reaching the current rate of USDT, which is 290-300bs. This country is heading straight for the dump.
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