Tether: USDT Demand Surges in Paraguay Amid Bank Crisis
Tether's USDT demand rose over 5 percent in Paraguay during the Ueno Bank crisis and deposit freeze, lifting the stablecoin from 5,692 to more than 6,000 guaraníes as users sought safety outside the banking system.
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Tether USDT demand climbed more than 5 percent in Paraguay as the Ueno Bank crisis froze deposits, sending the stablecoin from 5,692 to over 6,000 guaraníes while locals fled the traditional system, according to data shared by Samson Mow and posted by Paolo Ardoino.
Paolo Ardoino
@paoloardoinoPaolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,