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🔥🪙 THE PARADOX OF VENEZUELAN P2P 🇻🇪: A high-demand market without official supply.
In Venezuela, the peer-to-peer (P2P) cryptocurrency buying and selling market shows a unique situation in the region: the value of stablecoins like USDT and USDC is much higher than the official exchange rate of the dollar from the Central Bank of Venezuela (BCV). What accounts for this significant difference?
The answer lies in the law of supply and demand.
The search for an alternative.
Due to strict restrictions on access to foreign currency through regular channels, banks, or licensed exchange houses, Venezuelans have found in stablecoins an essential tool. These cryptocurrencies, whose value is pegged to the US dollar (1:1), allow them to:
The answer lies in the law of supply and demand.
The search for an alternative.
Due to strict restrictions on access to foreign currency through regular channels, banks, or licensed exchange houses, Venezuelans have found in stablecoins an essential tool. These cryptocurrencies, whose value is pegged to the US dollar (1:1), allow them to:
US President Donald Trump is deploying three warships off the coast of Venezuela as part of efforts to curb drug trafficking, a source familiar with the move said on Wednesday.
The deployment comes as the Trump administration steps up pressure on Venezuelan leader Nicolas Maduro, last week doubling its bounty on drug charges against the leftist strongman to $50 million.
The three Aegis-class guided-missile destroyers are heading to the waters off Venezuela, the US source told AFP on condition of anonymity.
US media reported that Washington was also planning to send 4,000 Marines to the region.
Washington, which does not recognize Maduro’s past two election victories, accuses him of leading a cocaine trafficking gang called Cartel de los Soles.
The White House said on Tuesday that Trump would use “every element” to stop drug trafficking, when asked about the possibility of US boots on the ground in Venezuela.
“President Trump has been very clear and consistent, he’s prepared to use every element of American power to stop drugs from flooding into our country and to bring those responsible to justice,” Press Secretary Karoline Leavitt said.
Leavitt described the Venezuelan government as a “narco-terror cartel.”
“And Maduro, it is the view of this administration, is not a legitimate president, he is a fugitive head of this cartel who has been indicted in the United States for trafficking drugs into this country,” she added.
Maduro said on Monday that he would be deploying 4.5 million militia members across Venezuela in response to US “threats.”
#geopolitics
#usa
#Venezulela
$TRUMP
The deployment comes as the Trump administration steps up pressure on Venezuelan leader Nicolas Maduro, last week doubling its bounty on drug charges against the leftist strongman to $50 million.
The three Aegis-class guided-missile destroyers are heading to the waters off Venezuela, the US source told AFP on condition of anonymity.
US media reported that Washington was also planning to send 4,000 Marines to the region.
Washington, which does not recognize Maduro’s past two election victories, accuses him of leading a cocaine trafficking gang called Cartel de los Soles.
The White House said on Tuesday that Trump would use “every element” to stop drug trafficking, when asked about the possibility of US boots on the ground in Venezuela.
“President Trump has been very clear and consistent, he’s prepared to use every element of American power to stop drugs from flooding into our country and to bring those responsible to justice,” Press Secretary Karoline Leavitt said.
Leavitt described the Venezuelan government as a “narco-terror cartel.”
“And Maduro, it is the view of this administration, is not a legitimate president, he is a fugitive head of this cartel who has been indicted in the United States for trafficking drugs into this country,” she added.
Maduro said on Monday that he would be deploying 4.5 million militia members across Venezuela in response to US “threats.”
#geopolitics
#usa
#Venezulela
$TRUMP
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The opportunity that USDT is providing daily for Venezuelans to generate income is huge. Some focus on pointing out negative aspects, others ride the wave and take advantage. #Venezulela is the land of crypto opportunities. I don't understand how there are #VenezolanoEnCripto who say the famous phrase "it's just that things are messed up". A bit of discipline and knowing how to manage the tools that #Binance provides, and one lives excellently here. And those who want to take even more advantage will live comfortably #CorporacionCriptomaniaVenezuela .
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