Analysis: Venezuela's inflation rate reaches 229%, USDT becomes the preferred settlement method
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最新报道：According to a report by Bijie.com, as Venezuela's annual inflation rate soared to 229%, stablecoins such as USDT have become the "de facto" currency in the financial system of millions of Venezuelans. Locals reportedly call Bitcoin the "Binance Dollar," while the country's currency, the Bolivar, has basically disappeared from daily business activities. Hyperinflation, strict capital controls, and a differentiated exchange rate structure have made people increasingly inclined to use stablecoins rather than cash or local bank transfers. From small grocery stores to medium-sized enterprises, USDT has replaced legal cash as the preferred settlement method locally.
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