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Key takeaways:
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With inflation at 229%, daily prices in Venezuela are set in USDT “Binance dollars,” usually at live P2P rates.
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Three dollar rates exist (official, parallel and P2P), but merchants mostly follow the P2P quote.
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The government tolerates dollar-backed crypto in exchanges, though it hasn’t legalized dollarization.
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Venezuela is a global crypto hotspot: Stablecoins dominate small transfers, mostly via TRC-20 USDT.
In Caracas, receipts now often show totals in “Binance dollars” because pricing has moved off the Venezuelan bolívar and…
