Live P2P Radar Capture: 25/9/2026, 12:00:07 p. m.
USDT/VES reference Bs. 971.32
Buy USDT Bs. 971.32
Sell USDT Bs. 946.40
BCV Bs. 855.66
Premium vs BCV 13.52%
P2P spread 2.63%
Observed offers 249
Check current data on P2P Radar
The P2P traffic light from PitbullChain turned yellow on this September 25, 2026. The USDT/VES pair score reached 71 out of 100, with the label "Moderate caution" and fresh data at the time of the capture, 16:00 UTC. The photo: USDT trades at Bs. 971.32 when buying and Bs. 946.40 when selling, with a 13.5% premium versus the BCV dollar of Bs. 855.66.
That contrast between the aggregated price the user sees and what actually gets executed in the order book is the heart of the yellow alert. Here’s the breakdown, separating measured facts, our own calculations, and interpretation.
📊 Yellow light: 71 points with crossed signals
The 71 score is not a simple average. It’s made up of metrics that point in opposite directions, and that’s exactly why it’s yellow:
• Liquidity: 95/100. There are 270 active offers and 249 measured ads, with eight different payment methods present.
• Banking availability: 95/100. The country’s main banks show active ads in the comparator.
• Premium: 75/100. 13.5% vs. the BCV is a high premium, although far from the peaks seen in other cycles.
• Spread: 20/100. This is the weakest metric and the one that weighs most in the risk reading: 2.63% between aggregated buy and sell.
• Depth: 45/100. The book is balanced, but concentrated at just a few price levels.
• Volatility: 95/100 and data freshness: 100/100. No surprises, with data updated to the minute.
Practical translation: the market has counterparties to trade with, but the gap between the published reference and what you can get at the first levels of the order book is wide. That’s today’s operational risk.
📈 Two spreads tell two different stories
This is the key point of the report. There are two spreads coexisting in the same market:
• Aggregated operating spread: Bs. 24.93, equivalent to 2.63% (Bs. 971.32 on buy versus Bs. 946.40 on sell).
• Real order book spread: Bs. 0.30, equivalent to 0.03% (best sell quote at Bs. 963.50 and best buy quote at Bs. 963.20), with an average price of Bs. 963.35.
The difference between them is two orders of magnitude. 2.63% reflects the full range of published ads: from the most expensive to the cheapest in the comparator. 0.03% reflects the exact point where the order book has liquidity ready to cross. Both are legitimate measures, but they answer different questions: the first says how spread out the market is; the second says how expensive it is to enter or exit at this moment.
To put it in perspective: according to Radar calculations, 100 USDT equals Bs. 94,639.74 and Bs. 1,000,000 equals 1,056.64 USDT. The parallel dollar is at Bs. 967.67 with its own 1.06% spread, while the BCV euro sits at Bs. 972.65 compared to Bs. 1,104.01 for the parallel euro.
🔎 Where liquidity is concentrated: Banesco, Another method, and Pago Móvil
Of the 249 measured ads, three payment methods concentrate the highest activity and the best scores in the P2P bank comparator:
Payment method Ads Score Liquidity Internal spread Banesco 27 98 24.3% 0.58% Another method 24 82 21.6% 0.89% Pago Móvil 19 72 17.1% 1.01% Bank of Venezuela 15 68 13.5% only buy Mercantil 8 55 7.2% only sell BANK 7 53 6.3% only buy Provincial 5 49 4.5% only sell BBVA 3 46 2.7% only sell Two quick reads: Banesco not only leads in volume, it also shows the tightest internal spread between its average buy and sell prices. And it’s notable that "Another method", the category grouping transfers and payments outside traditional banking, ranks second with 24 ads—almost all originating on other platforms.
The eight methods with public data total 108 ads. The remaining 249 are split across other payment options that the radar doesn’t break down in this snapshot. This is an important figure to avoid confusing low supply with unclassified supply.
📖 Read the full article: https://pitbullchain.com/noticias/semaforo-p2p-en-amarillo-usdt-a-bs-971-32-con-spread-de-2-63
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📊 Live rates and analysis at https://pitbullchain.com
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