💥 ARREST OF MADURO = VOLATILITY OF USDT...
💥 The arrest of Nicolás Maduro generated strong volatility in the Venezuelan market: the price of USDT (Tether) in bolívares skyrocketed within hours, reaching up to 941 VES per unit in moments of panic, reflecting the national political and economic uncertainty.
📉 Immediate impact on USDT
- P2P Market: Following the announcement of Maduro's capture, USDT in Venezuela traded between 650 and 673 VES, but in moments of tension, it reached 941 VES.
- Financial refuge: USDT acts as a “digital dollar” and is used by Venezuelans to protect themselves from inflation and the devaluation of the bolívar. The news spiked demand, raising its price.
- Comparison with Bitcoin: While USDT showed high volatility, Bitcoin remained stable around 89,927 USD, with a positive variation of 0.57%.
⚡ Effects on the national economy
- Capital flight: The political uncertainty following Maduro's capture increases the outflow of money towards safe assets like USDT.
- Loss of confidence: Local investors and traders reduce operations in bolívares, preferring transactions in stablecoins.
- Payment disruptions: The state of emergency and political tension affect the payment chain, further encouraging the use of cryptocurrencies.
- Dependence on oil: The Venezuelan economy depends 96% on oil exports. The blockade of vessels and the exit of shipping companies after the military operation complicates the inflow of foreign currency, reinforcing the need for alternatives like USDT.
👉 In summary, Maduro's arrest has deepened Venezuela's dependence on USDT as a financial refuge, causing a surge in prices in the parallel market and increasing the digital dollarization of the economy.
$USDT
$BTC
💥 The arrest of Nicolás Maduro generated strong volatility in the Venezuelan market: the price of USDT (Tether) in bolívares skyrocketed within hours, reaching up to 941 VES per unit in moments of panic, reflecting the national political and economic uncertainty.
📉 Immediate impact on USDT
- P2P Market: Following the announcement of Maduro's capture, USDT in Venezuela traded between 650 and 673 VES, but in moments of tension, it reached 941 VES.
- Financial refuge: USDT acts as a “digital dollar” and is used by Venezuelans to protect themselves from inflation and the devaluation of the bolívar. The news spiked demand, raising its price.
- Comparison with Bitcoin: While USDT showed high volatility, Bitcoin remained stable around 89,927 USD, with a positive variation of 0.57%.
⚡ Effects on the national economy
- Capital flight: The political uncertainty following Maduro's capture increases the outflow of money towards safe assets like USDT.
- Loss of confidence: Local investors and traders reduce operations in bolívares, preferring transactions in stablecoins.
- Payment disruptions: The state of emergency and political tension affect the payment chain, further encouraging the use of cryptocurrencies.
- Dependence on oil: The Venezuelan economy depends 96% on oil exports. The blockade of vessels and the exit of shipping companies after the military operation complicates the inflow of foreign currency, reinforcing the need for alternatives like USDT.
👉 In summary, Maduro's arrest has deepened Venezuela's dependence on USDT as a financial refuge, causing a surge in prices in the parallel market and increasing the digital dollarization of the economy.
$USDT
$BTC
