Continuation.... Why does Venezuela continue to use USDT?

In the last decade, the bolívar —the official currency of the nation— has lost value in a worrying manner. Although inflation rates have decreased compared to the peak in 2018 —when the country exceeded 1,000,000%—, in 2025 they remain at elevated levels, with an annual rate that in April was at 172%. Given this scenario, keeping money in the local currency amounts to losing purchasing power almost immediately.

For this reason, for years Venezuelans have turned to bitcoin (BTC) and USDT to safeguard their money. Initially, they did so on platforms like the now-defunct LocalBitcoins, and now largely through Binance P2P, the peer-to-peer exchange system of the Binance exchange.