🇵🇾 Paraguay’s banking crisis drives interest in USDT The Central Bank of Paraguay has initiated the resolution process for Ueno Bank due to severe solvency issues, restricting access to deposits for millions of customers. Meanwhile, demand for ethereum:0xdac17f958d2ee523a2206206994597c13d831ec7 has risen on local P2P markets, as users seek dollar exposure and liquidity alternatives. 🏦 2.9 million bank customers affected 💵 USDT prices elevated on some P2P platforms ⚠️ Deposit reimbursements are beginning in phases The situation illustrates how banking instability can coincide with increased interest in dollar-linked stablecoins. Could USDT become an increasingly relevant financial alternative during banking crises?
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