Good morning Binance folks.
For this week from 04-27 to 05-03-2026. And talking a bit about Venezuela during this tumultuous week of economic rumors. As always, here's the crypto behavior $USDT in the country:
1- This week from 05-27 to 05-29, the crypto market acted like a rollercoaster. There were momentary spikes and peaks in the stablecoin $USDT , which eventually calmed down as rumors about income increases for the national economy subsided. The cryptocurrency stabilized for the following days, causing despair among us regular Binance users.
2- Then on the days 04-30 and 05-01-2026, with the known salary increase, the coin returned to the crypto market under normal conditions since what was decreed by the government had no economic impact and the
Venezuelan economic market remains the same and even more devalued than before the announcement. Only the populist maximum was applied, which is to create speculation and then refresh with announcements that ultimately left nothing for the Venezuelan wallets.
3- By the close on Sunday, May 3, 2026, the price of the main stablecoin reflects the following:
• P2P Rate (Binance/Bybit): Averaging 631.25 VES per USDT.
• Exchange Rate Gap: A notable disconnection persists against the official rate of the standard market (averaging 488.54 VES), indicating that the parallel/crypto market continues to absorb the demand for foreign currency that the traditional banking system fails to cover.
• Trading Volume: In the last 24 hours, a significant volume was recorded in the USDT/VES pair (close to 40 billion bolívares in accumulated transactions), confirming that USDT remains the preferred unit of account for trading and value preservation against inflation.
In conclusion, the week closes like previous weeks, a bolívar pressured in the informal market and with a stable USDT in its parity with the dollar, consolidating as the "digital haven" for national retail and professional trading.
For this week from 04-27 to 05-03-2026. And talking a bit about Venezuela during this tumultuous week of economic rumors. As always, here's the crypto behavior $USDT in the country:
1- This week from 05-27 to 05-29, the crypto market acted like a rollercoaster. There were momentary spikes and peaks in the stablecoin $USDT , which eventually calmed down as rumors about income increases for the national economy subsided. The cryptocurrency stabilized for the following days, causing despair among us regular Binance users.
2- Then on the days 04-30 and 05-01-2026, with the known salary increase, the coin returned to the crypto market under normal conditions since what was decreed by the government had no economic impact and the
Venezuelan economic market remains the same and even more devalued than before the announcement. Only the populist maximum was applied, which is to create speculation and then refresh with announcements that ultimately left nothing for the Venezuelan wallets.
3- By the close on Sunday, May 3, 2026, the price of the main stablecoin reflects the following:
• P2P Rate (Binance/Bybit): Averaging 631.25 VES per USDT.
• Exchange Rate Gap: A notable disconnection persists against the official rate of the standard market (averaging 488.54 VES), indicating that the parallel/crypto market continues to absorb the demand for foreign currency that the traditional banking system fails to cover.
• Trading Volume: In the last 24 hours, a significant volume was recorded in the USDT/VES pair (close to 40 billion bolívares in accumulated transactions), confirming that USDT remains the preferred unit of account for trading and value preservation against inflation.
In conclusion, the week closes like previous weeks, a bolívar pressured in the informal market and with a stable USDT in its parity with the dollar, consolidating as the "digital haven" for national retail and professional trading.