Paraguay's Trump-Allied President Quits as Currency Slides: Is the 13% USDT Premium Real?

Paraguay’s currency, the guaraní (PYG), lost 4% against the dollar on Thursday as Paraguay president Santiago Peña resigned over the collapse of Ueno Bank, a digital lender used by more than 60% of the country’s adults. That slide wiped out the widely shared 13% premium on Tether (USDT), a digital token pegged to the dollar. The bigger loss now sits with savers holding guaraníes. Why Did the 13% USDT Premium Disappear? The 13% figure compared one high asking price on a peer-to-peer (P2P) market, where users trade directly, with the November 4 official dollar rate of 6,144 guaraníes. That benchmark then moved. The Central Bank of Paraguay (BCP) interbank rate closed at 6,388.47 guaraníes on November 5, data shows.

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