Hyperinflation pushes Venezuela to transact in USDT stablecoins. Learn about the Binance dollar and how merchants anchor pricing to P2P rates.

(Reuters) -Venezuela's government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private sector, a dozen sources said, as U.S. restrictions on oil exports ...

Venezuela said on Wednesday it will tax hard-currency transactions between clients of the same bank, an effort by President Nicolas Maduro's government to boost tax revenue amid a broader economic ...

When Venezuela was experiencing hyperinflation, Ledn co-founder Mauricio di Bartolomeo hedged against the collapsing local currency by shorting it in favor of the more stable US dollar. Today, he’s ...

Venezuelan officials also asserted that the new digital currency — the first to be issued by a nation — would allow investors to do an end run around sanctions imposed against their country by the ...

Venezuela is spiraling once more into an inflationary storm as new data warns that price increases could skyrocket to 530% in 2025, fueled by a collapsing currency, oil export disruptions and mounting ...

US sanctions limit Venezuela's access to foreign currency Venezuela uses USDT to buoy currency exchange PDVSA has increased digital currency usage Sept 3 (Reuters) - Venezuela's government is slowly ...