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更多 >今天 2025-10-05
[Under Hyperinflation, 'Binance USDT' Becomes Venezuela's De Facto Currency] According to a report by Cointelegraph, due to hyperinflation with an annual rate as high as 229%, USDT traded via Binance P2P has become the de facto currency in Venezuela's daily commercial activities, serving as both a unit of account and a settlement tool. To avoid frequent price fluctuations caused by the continuous devaluation of the bolívar, local merchants commonly peg product prices to the real-time USD exchange rate on Binance P2P for settlement. Due to the scarcity of physical US dollars, USDT based on the TRC-20 network has replaced cash as the preferred choice for small daily transfers among households and small-to-medium-sized enterprises, thanks to its low transaction fees and convenience. This has effectively achieved a stablecoin-driven de facto crypto-dollarization.