POPA ReconUSDT Trading in Venezuela Now Rivals the Country's Oil Exports
USDT Trading in Venezuela Now Rivals the Country's Oil Exports Between June 11 and July 13, about 1.389 billion USDT was traded on Binance’s peer-to-peer market in Venezuela, averaging roughly USD 44 million a day. Ecoanalítica, a Venezuelan economic research firm, estimated that the volume was equivalent to about 75% of the country’s monthly oil exports and represented a significant share of the central bank’s foreign-currency supply in June. USDT’s local over-the-counter price has risen to about 840 bolivars, roughly 15.5% above the official exchange rate. — link
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