Where do we trust our money?
Almost all of us take it for granted that money in the bank is safe. We see it in an app, a balance appears, and we assume it’s there. But that balance is an internal record kept by the institution, and its security depends on factors such as solvency, liquidity, and how it manages its loans.
The case of Ueno Bank
In November 2026, the Central Bank of Paraguay initiated a resolution process for Ueno Bank, a digital bank where nearly 60% of the adult population kept their money. The measure was taken after solvency problems related to its lending operations and financial adjustments were detected.
Its customers lost normal access to their accounts. Although there is a Deposit Guarantee Fund that protects deposits up to a certain limit, amounts above that limit may be subject to the resolution process, and full recovery is not guaranteed.
Are cryptocurrencies the same?
No, and one of the differences is transparency. With a bank, we depend on its financial statements and regulatory oversight to understand its situation. With many cryptocurrencies, transactions are public and traceable on the blockchain, making it possible to verify their movements.
However, this does not guarantee an exchange’s solvency or that all assets are backed. In addition, cryptocurrencies such as Bitcoin carry a significant risk: volatility.
Is investing in #USDT or #USDC a good option?
These stablecoins are designed to maintain parity with the dollar, so their volatility is usually much lower. In addition, the APYs offered by some exchanges make them attractive.
Even so, they carry risks: they can temporarily lose their peg, they depend on their issuers, and returns are subject to the conditions and risks of the platform where you place them.
The takeaway:
It’s not about taking everything out of the bank or putting it all into crypto, but about understanding the risks and avoiding reliance on a single place. Diversification remains an important way to protect our money.
$USDT $USDC
Almost all of us take it for granted that money in the bank is safe. We see it in an app, a balance appears, and we assume it’s there. But that balance is an internal record kept by the institution, and its security depends on factors such as solvency, liquidity, and how it manages its loans.
The case of Ueno Bank
In November 2026, the Central Bank of Paraguay initiated a resolution process for Ueno Bank, a digital bank where nearly 60% of the adult population kept their money. The measure was taken after solvency problems related to its lending operations and financial adjustments were detected.
Its customers lost normal access to their accounts. Although there is a Deposit Guarantee Fund that protects deposits up to a certain limit, amounts above that limit may be subject to the resolution process, and full recovery is not guaranteed.
Are cryptocurrencies the same?
No, and one of the differences is transparency. With a bank, we depend on its financial statements and regulatory oversight to understand its situation. With many cryptocurrencies, transactions are public and traceable on the blockchain, making it possible to verify their movements.
However, this does not guarantee an exchange’s solvency or that all assets are backed. In addition, cryptocurrencies such as Bitcoin carry a significant risk: volatility.
Is investing in #USDT or #USDC a good option?
These stablecoins are designed to maintain parity with the dollar, so their volatility is usually much lower. In addition, the APYs offered by some exchanges make them attractive.
Even so, they carry risks: they can temporarily lose their peg, they depend on their issuers, and returns are subject to the conditions and risks of the platform where you place them.
The takeaway:
It’s not about taking everything out of the bank or putting it all into crypto, but about understanding the risks and avoiding reliance on a single place. Diversification remains an important way to protect our money.
$USDT $USDC
