Smart Geek
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🚀 USDT in Bolivia skyrockets! What is happening?
On March 13, 2025, Bolivia experienced an unprecedented increase in the price of USDT, the most widely used stablecoin in the world. 📈
The causes of this surge are multifactorial. On one hand, the growing demand for USDT in Bolivia, driven by the search for alternatives to the boliviano and the informal dollarization of the economy, has put pressure on the price. Additionally, the political and economic uncertainty that the country is going through has increased the perception of risk, leading many to seek refuge in stablecoins like USDT. 💲
On the other hand, the supply of USDT is limited due to restrictions imposed by the government and traditional banking. This has created an imbalance between supply and demand, contributing to the price increase. As a consequence, the price of USDT in the parallel market has significantly exceeded the official exchange rate following the announcement of fuel purchases with cryptocurrencies, raising concerns about potential market distortion and its impact on the Bolivian economy. 💳
Bolivian authorities have yet to comment on this issue, but it is expected that they will take measures to regulate the cryptocurrency market and protect users. Meanwhile, the Bolivian population is closely watching the evolution of the USDT price and its possible consequences. 📊
In Bolivia, USDT is quoted on March 13 at Bs 12.43 for buying and Bs 12.35 for selling. 🔄
On March 13, 2025, Bolivia experienced an unprecedented increase in the price of USDT, the most widely used stablecoin in the world. 📈
The causes of this surge are multifactorial. On one hand, the growing demand for USDT in Bolivia, driven by the search for alternatives to the boliviano and the informal dollarization of the economy, has put pressure on the price. Additionally, the political and economic uncertainty that the country is going through has increased the perception of risk, leading many to seek refuge in stablecoins like USDT. 💲
On the other hand, the supply of USDT is limited due to restrictions imposed by the government and traditional banking. This has created an imbalance between supply and demand, contributing to the price increase. As a consequence, the price of USDT in the parallel market has significantly exceeded the official exchange rate following the announcement of fuel purchases with cryptocurrencies, raising concerns about potential market distortion and its impact on the Bolivian economy. 💳
Bolivian authorities have yet to comment on this issue, but it is expected that they will take measures to regulate the cryptocurrency market and protect users. Meanwhile, the Bolivian population is closely watching the evolution of the USDT price and its possible consequences. 📊
In Bolivia, USDT is quoted on March 13 at Bs 12.43 for buying and Bs 12.35 for selling. 🔄
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