Many people get scared when they see the price of USDT dropping in bolivars, but it's a natural part of the supply and demand dynamics in our country. 🇻🇪 The closing of the exchange gap is often a symptom of greater liquidity injection into the traditional system or a pause in massive demand. If you bought "expensive", remember that stablecoins serve their purpose as a long-term refuge, beyond the daily fluctuations of the local market.
✅ Tip of the day: Diversify your entry and exit points to average the price and not depend on a single market movement.
Is the dollar going down? The USDT reduces its gap in Venezuela 🇻🇪
The crypto market in Venezuela is taking an interesting turn. According to the latest reports, the price of USDT on P2P has shown a decline, closing the gap that separated it from the official dollar. What is happening? Price drop: The USDT went from levels close to 682 VES to stabilizing around 634 VES.
Reduction of the gap: The differential with the banks' dollar fell from 21% to just 10%. Regarding the BCV, the gap decreased from 36% to 28%.
Intervention of the BCV: The injection of foreign currency into the national banking system is forcing this adjustment, aiming to reduce speculation in the crypto market.
The Bank of Venezuela is digitalizing strongly: +264k users purchasing foreign currency directly in the App for electronic payments.
With this agility, do you prefer to keep using your #USDT for direct payments or do you find this BDV system more convenient for day-to-day transactions?
Are you already using the BDVApp for your currencies? 🇻🇪
The Bank of Venezuela reports that more than 264,500 customers are already buying currencies through the App to use them with their International Card. The best part: no additional paperwork!
Do you think this ease of access to currencies in 🇻🇪 will affect the volume of P2P trade in #USDT o #USDC? 🧐
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