The price of USD Tether (USDT), a stablecoin issued by Tether Limited, reached an average of 369 bolivars per unit in Venezuela. This is on Binance's P2P market. It must be taken into account that USDT is traded on different exchanges and platforms in Venezuela.
In addition to Binance, where the currency price fluctuates around 369 bolivars, on Bybit stablecoins are purchased and traded for over 370 bolivars. Meanwhile, the purchase price of USDT on Crixto is trading at 372 bolivars. The latter is one of the cryptocurrency platforms allowed to operate in Venezuela.
This is the highest value recorded in 2025 and represents a 70% increase over the past three months. a situation arises In a situation characterized by a sustained depreciation of the bolivar and continued inflation.
The graph below shows how the USDT price has gradually increased in Venezuela over the past three months and reached a new price peak.
The bolivar is constantly losing value against the dollar and USDT
The rise in USDT prices in Venezuela is directly related to the fall in the value of the bolivar. Venezuelan economist José Guerra asserts that the Venezuelan currency has suffered a “huge depreciation.” Remember this: the US dollar has appreciated by 420% against the bolivar in just one year.
In his opinion, this situation 'Provoked' by Venezuela's central bank And by political crisis. He explained that due to sanctions on the oil industry, the Venezuelan government has opted to receive payments in digital assets, including USDT, which are then allocated to BCVs and auctioned off in a private process where a “floor” is set.
Regarding such operations, he said: As a result, the dollar price will rise.He said this shows that “it was the central banks themselves that caused this currency devaluation.”
The following graph reflects the appreciation of the Venezuelan US dollar according to the official rate arbitrated by BCV.
Guerra, who was consulted by CriptoNoticias, noted that any depreciation or devaluation of the bolivar against the dollar would have an immediate impact on the price of the Venezuelan currency relative to USDT.
“USDT is a mirror of the dollar, so this is the same as declaring a devaluation of the bolivar against the dollar,” he explains.
However, the government maintains a different interpretation of the devaluation of the bolivar. For the authorities, this is the result of the so-called “economic war” that other countries are maintaining against the Chavismo political project.
In August, Venezuelan Executive Vice President Delcy Rodríguez denounced so-called economic warfare as the “main instrument of aggression” used by Venezuela's critics. And despite these alleged attacks, he asserted: Venezuela recorded a growth of 8.71% in the third quarter this year'saccording to BCV.
USDT on load
In the midst of this panorama, leadership of the Venezuelan economy is being contested, primarily the bolivar, then the cash dollar. The use of USDT and other stablecoins is integrated in the country as a protection mechanism against loss of purchasing power.
CriptoNoticias reported that local banks have already partnered with fintechs to convert physical dollars into USD coins (USDC), with USDT being used for businesses and services to avoid a weak bolivar. Additionally, it is regularly employed in the informal sector.
In reality, the evolution of USDT in Venezuela is constant. It also shows that the domestic market continues to adapt to the decline in the value of the bolivar.
