Crypto - Guacamaya

The Bolivar’s Devaluation Accelerates on Venezuelan Crypto Platforms

Redacción11 months ago11 months ago04 mins

The price of the bolivar in crypto asset markets continues to fall at a faster rate than the US dollar rate set by the Central Bank of Venezuela (BCV), reflecting a shortage of foreign currency.

Risks and Alternatives Regarding Venezuela’s Dependence on USDT

Alberto Holland11 months ago11 months ago09 mins

The Venezuelan economy is highly dollarized de facto. Faced with the hyperinflation of the bolivar and the chronic shortage of physical US dollars, the stablecoin Tether (USDT) has definitively become a massive refuge for both citizens and, recently, for state operations.