Paraguayan President Santiago Peña has submitted his resignation. The collapse of the digital bank Ueno. Crisis following the collapse of Ueno Bank. It served over 3 million clients—more than 60% of the adult population. Peña announced his resignation on Thursday, under pressure from protests in Asunción. Parliament was preparing impeachment proceedings with support from allies. He was accused of ties to Grupo Vázquez until March 2025. Power will pass to Vice President Pedro Alliana. The central bank intervened after the bank’s solvency fell below half the minimum threshold. Freezing accounts cut off millions from their savings, impacting pension funds and healthcare services. Managers and the CEO have been arrested. P2P USDT surged approximately 13% above the reference rate. The central bank initiated payouts with guarantees for the smallest depositors. Is this a sign that during banking crises, people turn to stablecoins?