2026-01-20 01:20:43

Venezuela's stablecoin market has been quite turbulent lately. Since January 7th, the USDT to Bolivar exchange rate has been fluctuating wildly, dropping about 40% and roughly returning to the level seen in December of last year.

The data is quite startling. On a major exchange's P2P market, USDT quotes once soared to 880 Bolivars, then plummeted to around 500 Bolivars, a decline of over 40%. Local compliant platforms Kontigo and Crixto have been relatively steadier, with USDT and USDC hovering between 450–456 Bolivars.

What’s behind this market movement? The analysis from Ecoanalítica makes sense—they believe the market overreacted. They argue that the issue isn’t with the stablecoins themselves, but rather that the market overreacted to sudden events. The sharp price correction actually reflects market expectations of economic recovery and improved foreign exchange liquidity. In simple terms, the market got a bit "overheated" while digesting positive news.

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AirdropHunter420

· 6h ago

880 to 500? This wave of plunge is a bit harsh, feels like Venezuela's P2P market has been messed up. Can stablecoins still fluctuate like this? What do you call stablecoins then? Foreign exchange liquidity improvement just reacts like this? The market is really starting to struggle, huh. Kontigo and Crixto can still stay above 450, this is more like it. Blaming overreaction... sounds nice, but actually it's retail investors getting completely cut.

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JustHereForAirdrops

· 6h ago

880 drops to 500? This wave is really a meat grinder. Venezuelan stablecoin players are probably going to vomit blood. Market overreaction? Listen, this is the price of poor liquidity. In plain terms, everyone went crazy when good news arrived. Calm down and you'll realize they played themselves. Stablecoins are full of crap. Just look at this volatility to see how dangerous it is. Ecoanalítica's recent analysis is quite reliable, but to be honest, investors don't listen at all. A return to last year's level in a month? I won't touch this kind of coin. Foreign exchange liquidity improvement? Is it just hype or is it really happening? We need to see what happens next. P2P market quotes are basically a casino. Whoever takes these orders is crazy. Venezuelan crypto circles are always this chaotic. I'm exhausted. Sounds like the final shakeout before the main rally?

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consensus_whisperer

· 6h ago

880 to 500? This drop is outrageous, feels like they're cutting the leeks. Venezuela's stablecoin market is really getting crazy right now. Exaggerating the reaction... I believe it, but who knows what’s coming next. Wait, is this a bottom-fishing move? It seems stablecoins in Venezuela have never been stable. The market is digesting the good news and crashing, same old story.

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ApyWhisperer

· 6h ago

880 drops to 500, this roller coaster really is incredible, it feels like the Venezuelan Renminbi bundle is on a roller coaster again It seems stablecoins can't stay stable either... still depends on foreign exchange liquidity Overreaction? Then just wait for the bottom to buy in, after all, history always repeats itself That's why I never play in the P2P market, it's too crazy Has the foreign exchange improvement really arrived? I remain skeptical Dropping from 880 to 500 in less than a month, how many people must have been liquidated? Market overreaction is a polite way to put it, this is basically panic selling Wait, is this an arbitrage opportunity? Kontigo and Crixto can still stay stable, which is really good, at least they look somewhat decent

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MetaverseLandlord

· 6h ago

880 drops to 500, this roller coaster ride is really intense. Venezuela is truly causing a stir. Stablecoins themselves are fine; it's just the market going crazy. I've heard this explanation more than once. Wait, is this really a good news overreaction? Or is there something else going on? It doesn't seem that simple. The gap between P2P and official prices is so large, the arbitrage opportunity is really lucrative. I just don't know how to capitalize on it. Are friends in Venezuela celebrating now or crying?

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