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#Binance
#Venezuela
#venezuelalibre
Binance has played a significant role in Venezuela, offering various financial solutions to its citizens, especially in a context of high inflation and exchange controls. Below, I detail how it has helped:
1. Access to Stable Currencies and Protection Against Inflation
* Stablecoins: Given the depreciation of the bolívar, many Venezuelans have turned to stable cryptocurrencies like USDT (Tether) and BUSD (Binance USD, although the latter is no longer issued), whose value is pegged to the US dollar. Binance facilitates the buying and selling of these stablecoins, allowing users to protect their savings from inflation and maintain their purchasing power.