Tether’s USDT Rate Tops 6,000 Guaraníes During Ueno Bank Crisis
Photo: TokenPost
The rate for Tether (USDT) in Paraguay rose from 5,692 guaraníes on Oct. 15 to slightly more than 6,000 on Nov. 4, while Ueno Bank customers were unable to withdraw deposits. The interbank dollar rate rose 6.43% over the same period to about 6,060 guaraníes. Ueno Bank was closed, and the Central Bank of Paraguay froze its funds, leaving about three million customers unable to withdraw deposits. Paraguay’s securities regulator suspended redemptions, cash distributions and new subscriptions across 13 mutual funds with Ueno-linked holdings.
Source: TokenPost
