Deposits from the public in Venezuelan banking closed August at 5.16 trillion bolívares, a jump of 595.1% compared with the same month in 2025. The figure is impressive until you apply the exchange-rate filter: measured in foreign currency, collections totaled US$6,485.85 million and real year-on-year growth stood at 28.59%. That is, the nominal bolívar moved much faster than the dollar snapshot.
The fine print is in the month-to-month comparison. Compared with July, inflows rose 5.2% in bolívares, but in dollars they fell -1.17%: the devaluation during the period ate up the gains. It’s the same phenomenon that anyone sees day to day who exchanges bolívares for USDT on a P2P exchange: the numerical balance increases, but purchasing power in hard currency doesn’t necessarily.
📊 The BCV starts paying for deposits: a change of course
The decision by Venezuela’s Central Bank to remunerate all public deposits changes the logic of the system. Current accounts will earn 10% annually on daily balances; savings accounts have moved to 42% annually as of September 15, and fixed-term deposits are remunerated at 46% annually. Until recently, keeping money idle in a Venezuelan bank was almost an act of faith: now, at least, it generates nominal returns that did not exist before.
The question the market asks is different: does that interest beat depreciation? That’s the crux. If the bolívar slides faster than the return offered by the institution, the saver keeps losing even if their statement shows more zeros. It’s the same math that drives many people to take refuge in stablecoins.
📈 93.16% of the money is still within reach: no one wants to lock it up
The most revealing detail in the Aristimuño Herrera & Associates ranking is its composition. Demand deposits reached 4.80 trillion bolívares and accounted for 93.16% of the total. Savings accounts collected only 237,318.92 million bolívares, while fixed terms totaled just 9,347.20 million, despite growing 614.2% and 416.8% year over year respectively.
Translation: Venezuelans keep their money liquid, available to move within minutes. There’s no confidence in leaving funds tied up for months, not even with more attractive rates. That ongoing liquidity is precisely the fuel of the P2P market.
🔎 The State moves 9.51% of the pie
Deposits from public agencies closed at 490,431.70 million bolívares, up 9.1% month-on-month and 557.1% year-on-year. But their share fell to 9.51%, 0.55 percentage points less than a year ago. Of the state money, 65.9% is held in public banking, and nearly half of the total (49.9%) sits in Banco de Venezuela.
💰 BDV, Banesco, and BNC: podium without surprises
Banco de Venezuela remains the master of the market: 1.69 trillion bolívares in deposits, +21.03% monthly and +569.2% annually, to recover 4.2 points and take 32.7% of the market. Banesco consolidates its private leadership with 733,047.02 million bolívares (+3.6% monthly, +652.7% annually) and a 14.2% market share. The BNC comes in third with 566,666.50 million, in a bipolar outcome: it fell -10.8% versus July, but surged 784.2% over the year.
🛡️ What this means for anyone living in USDT
This is where PitbullChain comes in. When the BCV remunerates deposits, the system gains a new incentive to keep bolívares inside banks. If the savings rate (42%) beats the pace of devaluation, more people might hesitate before dollarizing. If it doesn’t beat it, the flow into the dollar and stablecoins remains intact.
There’s an immediate effect worth watching: demand deposits concentrate more than 93% of the funds—meaning there’s a mountain of bolívares ready to move with a click. Any expectation of an exchange-rate jump pushes that liquidity toward P2P, and that’s where the USDT/VES spread opens up. Traders who set prices on Binance or local exchanges know these demand spikes are the difference between a quiet day and one with high commissions.
There’s also a reading for digital banking. If banks start paying for funds that previously were free, their funding cost rises. And if lending doesn’t keep up at the same speed, they end up paying interest on money they do not deploy. This imbalance can shift into commissions, operational limits, or stricter scrutiny when verifying the source of funds—something every P2P user should have on their radar.
📖 Read the full article: https://pitbullchain.com/noticias/depositos-bancarios-crecen-28-59-en-divisas-la-letra-chica-que-importa-al-p2p-824932
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