CryptoCointelegraphabout 1 hour ago
Paraguay Bank Collapse Boosts Stablecoin Use
5 min read
Paraguay's Ueno Bank collapse on Nov. 3 left nearly three million customers unable to access funds, prompting a shift toward stablecoins. While 93.1% of deposits were repaid by Nov. 9, the local currency fell 12.3% in a week, driving demand for USDt premiums of up to 13% as people sought liquidity alternatives.
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