Latam Insights Encore: Venezuela Shows the Power of Stablecoins
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how stablecoins have become…
Auto Added by WPeMatico
Stablecoin Usage Ramps up in Venezuela Amid Rampant Devaluation
Stablecoin adoption has grown in Venezuela as the government tightens controls to impose the official dollar exchange rate on businesses, which is much lower than the value of dollar-pegged tokens…
Latam Insights Encore: Trump’s Secondary Tariff Strategy Against Venezuela: Killing a Fly With a Nuke
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the Trump administration’s newfound secondary…
Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement
The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan…
Trump Debuts ‘Never Before Seen’ Secondary Tariff Strategy Against Venezuela
President Trump signed an order that would impose an additional 25% tariff on imported products from countries that purchase crude oil from Venezuela. Trump alleged this was retribution for sending…
Venezuelan Minister Remarks 25% of Trade Can Be Conducted Away From the US Dollar
Venezuelan Foreign Minister Yvan Gil stated that this new state of affairs in international trade was possible due to the push that Russia and the BRICS bloc exerted to bypass…
El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’
Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela.…
Venezuelans Crave USDT as Dollar Exchange Rate Explodes
Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to…
Latam Insights Encore: Venezuela Can Grow to Be Latin America’s Crypto Haven
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the possibility of Venezuela growing…
Caribbean’s Revival Mirrors the Growing Adoption in Argentina, Brazil, and Venezuela
After the downfall of FTX, the Caribbean’s cryptocurrency landscape entered a phase of doubt and decreased engagement, leading to a loss of trust in crypto platforms. However, starting in late…