News list for " settlement method"

With Venezuela's annual inflation rate soaring to 229%, stablecoins such as USDT have become the "de facto" currency in the financial system for millions of Venezuelans. Locals are said to refer to Bitcoin as the "Binance Dollar", while the country's currency, the bolivar, has largely disappeared from daily business activities. Hyperinflation, strict capital controls, and a differentiated exchange rate landscape have made people increasingly prefer stablecoins to cash or local bank transfers. Fr...

2025-09-07 10:48:39