logo

Venezuela's annual inflation rate reaches 229%, USDT and other stablecoins become a daily payment tool for the public

By: theblockbeats.news|2025/09/07 11:42:27

BlockBeats News, September 7th, according to Cointelegraph, as Venezuela's annual inflation rate soared to 229%, stablecoins such as USDT have become the de facto currency for millions of Venezuelans.

Ledn co-founder Mauricio Di Bartolomeo stated that USDT, once limited to users familiar with cryptocurrency and commonly referred to as the "Binance USD" locally, is now widely used for daily transactions in Venezuela, ranging from buying groceries, paying condo fees, to salary and supplier payments.

Venezuela's national currency, the Bolivar, has almost no practical use in daily commerce. Rampant inflation, strict capital controls, and a fractured exchange rate system have led more and more people to prefer using stablecoins rather than cash or local bank transfers.

Di Bartolomeo commented: "People and companies prefer to price goods and services in dollars and receive dollars." He noted that USDT is now seen as the "better dollar."

WEEX ruba la scena a BlockchainRIO 2025
Global Stage WEEX: Da Singapore a Dubai

Potrebbe interessarti anche

Condividi
copy

Chi ha guadagnato

Ultime notizie crypto

12:22

Cysic Foundation: Strumento di controllo dell'idoneità Airdrop ora attivo

11:57

WSJ: Gli investitori diffidano di un nuovo round del "Crypto Winter"

11:53

Aethir pubblica una roadmap di 12 mesi per accelerare la crescita nel business globale dell'IA Computing

11:26

Elenco di afflussi/deflussi di finanziamenti spot a 24 ore: ETH Net Outflow di 126 milioni di dollari, ZEC Net Outflow di 18,2 milioni di dollari

11:22

Bloomberg: La Fed non è mai stata così divisa sulla strategia Long Rate

Leggi di più
Community
icon
icon
icon
icon
icon
icon
icon
icon

Assistenza clienti@weikecs

Cooperazione aziendale@weikecs

Trading quantitativo e MM[email protected]

Servizi VIP[email protected]