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Venezuelans Crave USDT as Dollar Exchange Rate Explodes

Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injec...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Venezuelans Crave USDT as Dollar Exchange Rate Explodes
Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success, with Tether adoption ramping up as an […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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