USDT Demand Explodes in Paraguay, Catching Tether CEO’s Attention

TL;DR: The Central Bank of Paraguay initiated the resolution process for Ueno Bank after its solvency ratio fell below 50% of the regulatory legal minimum. The exchange rate of USDT against the Paraguayan guaraní advanced by more than 5%, moving from 5,692 to over 6,000 guaraníes between October 15 and November 4, 2026. The financial institution’s operational halt has locked up the funds of approximately 3 million banking customers nationwide. In Paraguay, USDT demand recorded a sustained increase after the digital bank Ueno Bank was placed under regulatory intervention on Tuesday, November 3. Paolo Ardoino, CEO of Tether , described this capital shift on social media as a search for a financial haven.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.