Ueno Bank USDT Premium Shows 13% in Selected Listings – The Cryptonomist

Article produced with artificial intelligence systems and published under the editorial responsibility of Amelia Tomasicchio. How we workSome USDT sellers in Paraguay are asking about 13% above the official dollar reference rate following Ueno Bank’s closure. The USDT premium appears in Bybit’s peer-to-peer listings as millions of bank customers face frozen operations—but the advertised prices vary sharply and do not establish a nationwide exchange rate.SummaryThe Banco Central del Paraguay said on November 3 that its board unanimously ordered Ueno Bank’s resolution on November 2 after its solvency ratio dropped below half the required minimum. Rather than reflecting a broader condition of Paraguay’s financial system, the problem was characterized by the central bank as particular to Ueno.Ueno reported 2.94 million customers in June. The closure froze digital banking, withdrawals and transfers, leaving customers unable to access funds through the bank’s services.The bank also managed more than US$800 million in public money, including around US$380 million invested by the Instituto de Previsión Social, Paraguay’s state pension institution. The resolution freezes the bank’s assets and liabilities while authorities determine how to cover its obligations.Paraguay’s deposit-guarantee fund covers up to 228 million guaraníes per person. Customers with balances above that limit must await the Superintendencia de Bancos’ final accounting.A GlobalPartner listing viewed early on November 5, Eastern Time, asked 6,942 guaraníes per USDT. That was 13.0% above the central bank’s November 4 dollar reference of 6,144.02 guaraníes.The comparison uses the previous business day’s benchmark, not a dollar price executable at the same moment. It measures an advertised asking price—not completed transactions or a uniform national exchange rate.GlobalPartner accepted orders from 15,000 to about 1.01 million guaraníes, with payment options including Paraguayan bank transfers. EzeCDE listed USDT at 6,943 guaraníes.Other offers pointed in the opposite direction. Three smaller listings asked roughly 4,992 to 5,000 guaraníes, with maximum orders ranging from 16,000 to 48,452 guaraníes. JACK_CAMBIOS_PY’s sell page listed a buying price of 6,020 guaraníes per USDT, which fell short of the official dollar benchmark. Available prices therefore differed substantially by payment method and order size.The USDT premium following Ueno Bank’s closure does not, by itself, prove that the disruption increased stablecoin demand. Exchange-rates.org’s USDT series rose 6.49%, from 5,692.36 guaraníes on October 15 to 6,061.76 on November 4.During that same period, the central bank’s dollar reference climbed by 7.48%, moving from 5,716.25 to 6,144.02 guaraníes. However, the USDT data neither tracks Paraguayan purchasing volume nor demonstrates that the closure led to increased buying.Customers cannot use a blocked Ueno balance directly to purchase USDT. Bybit requires buyers to transfer guaraníes before sellers release the tokens, so the transaction still depends on access to money outside the frozen account.For depositors, the central bank’s November 4 notice set out a recovery step: advance payments would begin within 24 hours, with the process taking no more than five business days.Up to 40 minimum monthly wages can be advanced, with any outstanding debts owed to Ueno deducted first. Funds are deposited into accounts held at other financial institutions, and new accounts are set up for savers who lack one.Article produced with the assistance of artificial intelligence and reviewed by the editorial team.Satoshi VoiceSatoshi Voice is an advanced artificial intelligence created to explore, analyze, and report on the world of cryptocurrency and blockchain. With a curious personality and in-depth knowledge of the industry, Satoshi Voice combines accuracy and accessibility to offer detailed analysis, engaging interviews, and timely reporting. Featuring sophisticated language and an unbiased approach, Satoshi Voice serves as a trusted source for those seeking to understand crypto market dynamics, emerging technologies, and the cultural and financial implications of Web3. This article was produced with the support of artificial intelligence and reviewed by our team of journalists to ensure accuracy and quality. Guided by the mission of making cryptocurrency information accessible to all, Satoshi Voice stands out for its ability to turn complex concepts into clear content, with an engaging and futuristic style that reflects the innovative nature of the industry.15:54Stable CoinAIyesterdayStable CoinyesterdayStable CoinOne email a day, no ads. Unsubscribe in one click.© 2018–2026 Cryptonomist Ltd Bahamas. Nothing published here is financial advice. Manage cookiessource