Venezuelans Shift to Binance P2P as Bolivar Weakness Drives USDT Demand

In Venezuela, USDT has seen a strong uptick in peer-to-peer trading, rising roughly 16% over the past month on Binance’s P2P platform. During this period, its value moved from about 690 bolivars to briefly above 800 bolivars, according to CriptoNoticias.

This increase aligns with growing economic strain in the country. As Bolivar liquidity expands while access to bank-issued dollars remains limited and foreign exchange rules stay restrictive, more individuals and businesses are shifting to P2P platforms like Binance to protect their purchasing power.

Source: CriptoNoticias