Binance USDT in Venezuela Surges 16% as Bolivar Weakens Over 30 Days

According to CriptoNoticias, Binance's peer-to-peer USDT market in Venezuela surged roughly 16% over the past 30 days, climbing from around 690 bolivars per USDT to briefly above 800 bolivars. The price movement reflects bolivar devaluation rather than stablecoin volatility. Limited bank dollar supply and government foreign-exchange purchase caps restrict official access to US dollars, pushing demand toward P2P crypto platforms where Binance operates as a primary venue. Venezuelans use USDT to preserve savings against rapid bolivar depreciation caused by monetary expansion.
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