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On September 1, 2026, data from PitbullChain’s P2P Radar for P2P registered a premium of more than 20% for USDT against the BCV. The P2P exchange rate for buying stood at 960.65 bolivars per USDT, while the BCV closed at 798.33 bolivars per dollar. The currency gap widened to 162.32 bolivars, equivalent to a 20.33% premium. This behavior matches the pattern seen in recent weeks: demand for USDT in Venezuela continues to push the peer-to-peer market upward. According to Ecoanalítica estimates, the country trades around 44 million US dollars per day in USDT via Binance P2P [2], highlighting the weight of this market in the local economy. What do premium and spread mean? Premium is the percentage difference between the USDT price in the P2P market and the BCV official exchange rate. A value of 20.33% indicates that those buying USDT on Binance P2P pay more than an additional fifth in bolivars compared with the official dollar. On the other hand, spread is the distance between the USDT buy price and the sell price. The P2P Radar recorded a spread of 34.31 bolivars per USDT, equivalent to 3.70%. This widening gap makes the operation more expensive and forces you to compare prices before acting. Binance P2P order book: buyers in control The aggregated Binance P2P order book, reflected by PitbullChain, shows a clear imbalance in favor of buying. Demand levels concentrate 594,438.32 USDT across 38 buy offers, while the sell (ask) side barely reaches 110,349.15 USDT across 32 posts. That means the buy volume is five times the sell volume. The calculated imbalance is 68.69%, computed as (buy - sell) / (buy + sell). In practice, there are many more users willing to sell bolivars to get USDT than users selling their crypto to exit into bolivars. The highest buy price (bid) is at 947 bolivars per USDT, while the best sell price (ask) is at 949.71 bolivars. This creates a spread of 2.71 bolivars (0.29%) at the first level of the order book, though the session’s weighted average spread is much wider. P2P traffic light in “moderate caution” PitbullChain’s P2P traffic light, which combines liquidity scores, spread, market depth, and banking availability, remains yellow with a score of 67 out of 100. The status is “moderate caution.” The traffic light components show a market with high liquidity (95 points) and good banking availability (95), but with an elevated spread (20 points) and moderate depth (45). This means there is enough money in the market, but executing a trade can be costly if you don’t compare across banks and exchanges. PitbullChain recommends three specific actions in this scenario: Compare prices across exchanges before locking in a trade. Check the bank, counterpart reputation, and counterparty limits. Review the Order Book tool to identify the best prices based on the amount. Banks with more activity and better spreads The P2P Radar data identifies Banesco, Pago Móvil, and Banco de Venezuela as the methods with the highest presence in active offers. Banesco leads with 24.3% of liquidity, followed by Pago Móvil (21.7%) and another method (18.3%). Looking at spread by bank in the capture period: Banesco: spread of 0.90% between the average buy price (951.67) and sell price (943.20). Pago Móvil: spread of 1.26% (buy at 954.52 and sell at 942.63). Banco de Venezuela: spread of 0.49%, one of the lowest. BANK: spread of 0.48%. Within the order book, the banks that appear most frequently in offers are Banesco, Banco de Venezuela, and Pago Móvil. The platform other platforms are also present in this market, with offers in Pago Móvil and other methods. Context: demand keeps growing The current gap is not an isolated case. In June 2026, the bolívar crisis triggered increased USDT demand on Binance P2P [8], and the trend remains. A Digital Finance report also noted that Binance’s P2P market reached levels close to BCV foreign-currency sales [4], confirming that the exchange has become a reference point for the exchange rate in Venezuela. The 20% premium over the BCV is a sign of bolivar scarcity—or, more precisely, a strong preference for holding dollar-denominated assets. As long as the BCV maintains its currency-sales policy at a slower pace than internal demand, the P2P price will continue to work as a thermometer of the real market. Practical close We are in a scenario with a wide spread and a buyer imbalance. For anyone needing to trade USDT in Venezuela, the recommendation is to use tools such as the P2P calculator and the bank comparator offered by PitbullChain. It’s not advisable to execute a buy without checking the sell price, nor to sell without verifying the best bid in the order book. The data in this report was captured at 14:00 UTC on September 1, 2026 (10:00 a.m. in Venezuela) and corresponds to a snapshot of the market at that minute. Prices change quickly in P2P; therefore, the information presented here is a starting point, not an investment recommendation.

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P2P USDT Premium reaches 22.8%: record gap vs BCV

Spread, premium and liquidity: how to read the P2P USDT traffic light in Venezuela

BCV vs USDT P2P Gap: why it reached 22% and what it means?

P2P USDT premium exceeds 20% versus the BCV and the spread widens

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