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PANIC IN BINANCE'S P2P? The Theories Behind the Surprising Drop of USDT in Venezuela
If you check the buy and sell orders on Binance P2P, you probably noticed that the USDT price in bolivars dropped sharply. Why is the digital dollar losing ground?
Important clarification: everything discussed here are strictly THEORIES circulating among traders. Nothing has been officially proven, since on Binance prices move only according to supply and demand.
Here are the two current hypotheses:
1. The Earthquake Effect and Donations
After the recent earthquake in the country, a lot of international aid arrived. Much of this emergency funding and donations moves into crypto for speed, using Binance as the main channel. With a massive and sudden sale of USDT in the P2P to get bolivars and invest them in supplies, the market became saturated and the price dropped due to an oversupply.
2. Currency Injection and BCV Parity
$
The other theory suggests that the Central Bank of Venezuela conducts a strong cash-dollar sale through the national banking system. With official foreign currency available in banks, businesses don’t rely as much on USDT to protect themselves. This reduces buying pressure on Binance, forcing P2P rates to drop until they reach the exact parity with the BCV dollar.
Notice: Binance does not set the price; users decide it.
#USDT #P2P #venezuela #BCV #caidas
If you check the buy and sell orders on Binance P2P, you probably noticed that the USDT price in bolivars dropped sharply. Why is the digital dollar losing ground?
Important clarification: everything discussed here are strictly THEORIES circulating among traders. Nothing has been officially proven, since on Binance prices move only according to supply and demand.
Here are the two current hypotheses:
1. The Earthquake Effect and Donations
After the recent earthquake in the country, a lot of international aid arrived. Much of this emergency funding and donations moves into crypto for speed, using Binance as the main channel. With a massive and sudden sale of USDT in the P2P to get bolivars and invest them in supplies, the market became saturated and the price dropped due to an oversupply.
2. Currency Injection and BCV Parity
$
The other theory suggests that the Central Bank of Venezuela conducts a strong cash-dollar sale through the national banking system. With official foreign currency available in banks, businesses don’t rely as much on USDT to protect themselves. This reduces buying pressure on Binance, forcing P2P rates to drop until they reach the exact parity with the BCV dollar.
Notice: Binance does not set the price; users decide it.
#USDT #P2P #venezuela #BCV #caidas
alvaroluis:
Lo mejor que le puede pasar a Venezuela es que baje el usdt .
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