The USDT plummets 40% in Venezuela following the events of January 3 that culminated in the kidnapping of the president of the Republic.
The Venezuelan parallel market has just experienced one of its most brutal corrections in years. In just two weeks, the USDT dropped from the threshold of 900 bolívars on January 7 to trading around 450 bolívars at the close of this week, a decline of almost 40% that left traders, savers, and analysts wondering if this is the beginning of a real stabilization or just a temporary respite.
The Venezuelan parallel market has just experienced one of its most brutal corrections in years. In just two weeks, the USDT dropped from the threshold of 900 bolívars on January 7 to trading around 450 bolívars at the close of this week, a decline of almost 40% that left traders, savers, and analysts wondering if this is the beginning of a real stabilization or just a temporary respite.