Venezuela kicked off this Friday with an announcement that, on paper, sounds like relief: the country can now access spare parts and technology to restore the National Electric System. This was said by the acting president, Delcy Rodríguez, during the National Economic Council meeting, which also served as a lead-in to the meeting with the IDB Group, with a delegation from BID Invest led by James Scriven and the presence of bankers, businesspeople, and authorities.
But let’s be honest: for those who make a living swapping USDT for bolívars, the question isn’t whether there are spare parts. The question is whether tomorrow there will be electricity, internet, and a working banking app when it’s time to close the transaction.
📊 What was announced and what still cannot be seen
The Minister of Electric Energy, Rolando Alcalá, had already outlined a plan to add 1,300 megawatts during the last quarter of the year. Of that package, one unit at the Centro plant would contribute 600 megawatts to the central-western part of the country, while seven units would add 500 megawatts for Zulia, the state hardest hit by the outages.
The official reasons for the worsening are three: a rebound in economic activity that pushed demand, the high temperatures associated with El Niño, and the June earthquakes, which according to the government delayed repair work that was already underway. On the other side, the opposition and sector experts insist that the underlying problem is corruption and lack of maintenance, not sanctions.
While the diagnosis is being discussed, in several regions of the country people go out to protest almost every day over blackouts that last up to 16 hours.
📈 Why this hits the P2P market directly
In Venezuela, electricity is not just a service: it is financial infrastructure. The local crypto ecosystem now almost no longer depends on mining farms, but it does depend on the frailest chain of all: small and medium-sized commerce.
🔎 No power, no P2P
A neighborhood exchanger does not need a data center. They need a charged phone, an internet router, a banking app that opens, and a point-of-sale terminal that responds. When the power goes out, the router goes down, the signal goes down, biopay goes down, and the ability to confirm the transfer in the moment goes down. The operation does not disappear: it is delayed, the margin is lost, or it closes at a worse price.
That is why blackouts translate, in practice, into wider spreads. When there is uncertainty about the connection, the one selling USDT asks for a little more and the one buying offers a little less. Electrical risk is already, de facto, built into the quote.
💰 BID Invest and the so-called «digital economy»
The meeting with the IDB Group reopens an interesting conversation: financing for the productive sector, instruments adapted to SMEs, optimization of the business environment, and coordination between Venezuelan banks and multilateral institutions. On the list of strategic areas appears, literally, the digital economy.
That is where PitbullChain focuses its attention. If that technical assistance and financing end up in payments infrastructure, connectivity, and technology for banking, the P2P market benefits directly: less friction, better tools, and a bank with more decent APIs. If it stays in working groups and photos, nothing changes for the user who at eleven at night is looking for someone to buy 50 USDT.
🛡️ The dollar, the BCV, and USDT
Energy is also an exchange-rate variable that few people look at. Every prolonged blackout hits production, forces companies to spend on generators and fuel, and drives up costs. In a de facto dollarized economy, that usually ends up being reflected in prices and, through the issuance needed to sustain spending, in pressure on the official exchange rate.
And as always, when the gap widens, USDT becomes the thermometer. Not because people want to speculate, but because it is the fastest and most liquid refuge available in the country. If the 1,300-megawatt plan really gets underway, the effect is felt first in commercial activity and later, with a delay, in exchange-rate calm.
📖 Read the full article: https://pitbullchain.com/noticias/apagones-repuestos-y-usdt-lo-que-el-anuncio-electrico-le-dice-al-p2p-826745
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