Demand for the Tether stablecoin USDT is rising in Paraguay after the collapse of Ueno Bank, a digital lender used by more than half of the country’s adults. USDT rose from about 5,692 guaran
Demand for the Tether stablecoin USDT is rising in Paraguay after the collapse of Ueno Bank, a digital lender used by more than half of the country’s adults.
USDT rose from about 5,692 guaraníes on 15 October to more than 6,000 guaraníes on 4 November, a gain of more than 5%, according to figures shared on X by Bitcoin advocate Samson Mow. The US dollar also strengthened against the guaraní over the same period, so part of the move reflects a weaker local currency.
