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Altcoins & DeFi

Paraguay's Bybit sellers price USDT 13% over the dollar after Ueno resolution

Image: Cryptopolitan

Some sellers of Tether’s USDT in Paraguay are asking around 13% above the official dollar reference rate after the central bank put Ueno Bank into resolution. The premium sits on a few Bybit peer-to-peer listings, as some three million Ueno customers still cannot access their accounts. GlobalPartner asked 6,942 guaraníes against a 6,144.02 benchmark A GlobalPartner listing early on Nov. 5 displayed a rate of 6,942 guaraníes per USDT. The premium is equivalent to 13.0% versus the Banco Central del Paraguay’s Nov. 4 reference rate of 6,144.02 guaraníes to the dollar. Seller EzeCDE posted 6,943 guaraníes. GlobalPartner accepted orders from 15,000 to around 1.01 million guaraníes, with the option to receive payment by Paraguayan bank transfer.

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