Live P2P Radar Capture: 22/9/2026, 12:00:14 a. m.
USDT/VES reference Bs. 963.10
Buy USDT Bs. 963.10
USDT sale Bs. 932.33
BCV Bs. 852.42
Premium vs BCV 12.98%
P2P spread 3.30%
Observed offers 99
Check current data on P2P Radar
The BCV rate was published at Bs. 852.4168 per dollar, an increase of 0.34% compared to the previous day, according to the Finanzas Digital record. On the other side of the counter, the Venezuelan P2P market follows its own logic: USDT is bought for Bs. 963.10 and sold for Bs. 932.33, with a premium of 12.98% versus the official rate and a spread of 3.30%. This analysis cross-references the two benchmarks with the P2P Radar data captured on September 22, 2026 at 04:00 UTC.
đ The BCV rate rises to Bs. 852.4168: a step of 2.85 bolivars
The official figure went from Bs. 849.564 on September 21 to Bs. 852.4168, with a reported change of +0.3358% [6]. In absolute terms, the move equals Bs. 2.85 per dollarâ a gradual adjustment that follows the pattern of the latest publications and left the quoted rate above the 849 bolivars mentioned in the previous day's press [3][4].
An important method note: in the Radar P2P feed, the BCV block appears with neutral direction and 0.00% variation. That doesn't contradict the +0.34%: the Radar measures the change within its capture window, not the daily variation published by the issuing entity. These are two readings at the same rate level, not two different rates.
đ USDT premium at 12.98%: why P2P doesnât compress when the BCV rises
The calculation is straightforward: 963.0965 á 852.4168 â 1 = 12.98%. This is the premium of the USDT buy side versus the official dollar.
The point that usually gets confused is this: if the BCV rises 0.34% and P2P rises in the same proportion, the premium doesnât move. It only compresses when the P2P market rises less than the official rate, or when the official rate accelerates and P2P falls behind. In this capture, the official rate advanced only slightly and P2P stayed steady, so the premium remained almost unchanged.
Another useful reference is the parallel dollar, measured in Binance P2P: Bs. 953.93, with buy at 953.66 and sell at 954.20 (spread of just 0.06%). Compared to the BCV, that parallel implies a premium of 11.91%, slightly below the USDTâs 12.98% premium. The parallel sits between the two USDT extremesâconsistent with a USDT trading with its own built-in premium.
Interpretation: the P2P premium isnât a mirror of the BCV. It responds to the cost of accessing liquid dollars in a market with real frictionsâlimits per transaction, mobile payment availability, bank commissions, confirmation times, and counterparty risk. As long as those frictions donât change, the official adjustment translates into a premium only partially.
đ How the 3.30% spread is split between buy and sell
These are the measurable Radar P2P data:
⢠USDT buy-side peak: Bs. 963.0965.
⢠USDT sell-side peak: Bs. 932.3256.
⢠Absolute difference: Bs. 30.77, equivalent to 3.30%.
⢠Average price of the range: approximately Bs. 947.71.
The split versus the BCV is asymmetric. The buy-side peak is 12.98% above the official rate, while the sell-side peak is 9.37% above (932.3256 á 852.4168 = 1.0937). That 3.61 percentage-point gap explains where the spread comes from: the premium is weighted more heavily on the person buying USDT than on the person providing it.
To put it in perspective: 100 USDT at the sell-side peak equal Bs. 93,232.56. And one million bolivars equals 1,072.59 USDT at that same price. In practice, the spread is the implicit cost of entering and exiting within the same price window: someone buying at Bs. 963.10 and selling at Bs. 932.33 assumes a 3.30% spread without the market moving even a single bolivar.
đ° Order book: spread of 4.57% and imbalance of 36.74% toward the buy side
The order book shows a more fragmented photo than the Radar average:
⢠Best visible sell price (best ask): Bs. 912.30, with 884.69 USDT and a single order from a single merchant.
⢠Best visible buy price (best bid): Bs. 956.00, with 13,537.27 USDT on other platforms and no bank identified.
⢠Order book spread: Bs. 43.70, equivalent to 4.57%. Average price: Bs. 934.15.
⢠Declared depth: 523,229.77 USDT on the buy side (34 offers) versus 242,078.67 USDT on the sell side (43 offers).
đ Read the full article: https://pitbullchain.com/noticias/bcv-sube-a-bs-852-4168-y-la-prima-del-usdt-p2p-se-ancla-en-12-98
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