USDT up 16% in Venezuela as bolivar liquidity jumps

USDT rose about 16% in Venezuela over the 30 days to mid-June 2026, with peer-to-peer prices on Binance peaking at 810 bolivars per token before easing to roughly 794 bolivars.

Data from P2P.Army show the increase occurred mainly between mid-May and mid-June, and the largest price moves were recorded on Binance, the most used peer-to-peer platform in the country.

Official figures from the Central Bank of Venezuela (BCV) show total monetary liquidity reached about 2.17 trillion bolivars at the end of June 5, up 23.26% from 1.76 trillion on May 8. Monetary liquidity was 0.93 trillion bolivars on January 2, an increase of about 131.17% in just over five months.

Market participants reported that the surge in bolivar supply coincided with reduced access to official foreign currency at bank exchange desks during the same period.

Analysts and traders linked the larger supply of bolivars and tighter foreign-exchange access to higher demand for USDT on peer-to-peer platforms, with users converting bolivars into a widely accepted digital dollar substitute.

Analyst Hever Castro wrote on X that the gap between currency supply and demand is affecting day-to-day business activity.

Visa on-chain analysis shows USDT remains the largest stablecoin by supply and transaction volume. Recent regulatory actions in the European Union resulted in Tether being removed from several major exchanges and caused short-term disruption on those platforms; USDT continued to trade on local P2P markets.

Traders and residents cited capital preservation as the main reason for buying USDT when official dollar options were limited. The bolivar liquidity surge and constrained official foreign-exchange channels coincided with the 30-day rise in USDT prices on local P2P markets.