Welcome to the delightful charade of Latam Insights, where we regale you with the most scintillating tales of cryptocurrency from the land of Latin America. Within this week’s heralded missive, we find Venezuela coyly accepting USDT, OliveyBTC ascends as the colossal Bitcoin treasury amidst Brasilia, and Argentina orchestrating a dramatic $20 billion overture with the U.S.
Oh! Venezuela, A Master in Disguise: Spins Inward Transactions to USDT Amid Dollar Famine 🎭
The oil-rich Venezuela, with the unyielding embrace of U.S. sanctions, gracefully pivots like a prima donna to stablecoins to stay afloat. Asdrúbal Oliveros of Ecoanalítica speaks thus of the pivot, with a touch of hysteria, given the dire paucity of dollars eagerly awaiting some semblance of engagement.
On the sly confidences of Twitter, Oliveros divulged this grand masquerade and mused that, in September, Venezuelan governmental settlements gallantly favored USDT over U.S. dollars. A bold step, indeed, shifting the economic narrative’s spotlight.
During September, the Venezuelan government technically made more settlements in USDT than in US dollars, marking a distinct refashioning of the national exchange rate regime.
Whilst Oliveros, ever the enigmatic creature, did not indulge us with the volumes behind such claims, recent reports from his lips have sung of rising stablecoins infiltrating Venezuela’s economic tapestry. A dance, nay, a waltz!
OranjeBTC: Overtaking Companions with a 3,650 BTC Heist, Eclipse Meliuz with a Solemn Pride 🏆
Companies feverishly scramble after Bitcoin’s allure, ensnaring investor hearts and trying to mirror Saylor’s illustrious playbook. Thus, enters OranjeBTC, a Brazilian entity of bustling ambition, overseeing-or should I say-the second-largest Brazilian Bitcoin treasury.
The brainchild of Guillermo Gomes, an esteemed Basilisk who once haunted Bridgewater Associates, has acquired a breathtaking 3,650 BTC, for a stunning $385 million-daring sums indeed. At such a rate, they leapfrog over a Meliuz mostly occupied with cashback serenades. But who can compare such disparate endeavors? The past whispers of giants like the Winklevoss Twins and Adam Back cushion their coffers.
Averted Crisis: U.S. Treasury’s Elegantly Crafted $20 Billion Lifeline Saves Argentina from the Abyss 💰
The tumultuous aftermath of President Milei’s political ballet, after a theatrical party defeat, gracefully sidestepped by the U.S. Treasury’s enchanting overture of a fabled $20 billion swap line. White halls echoed praises of Milei’s policies that brought a semblance of old-world order.
Following consultations rich with informed discourse, U.S. Treasury’s virtuoso Scott Bessent adroitly hinted at this grand gesture and other exotic interventions to bolster the resolute dollar’s standing. Truly, a measure of diplomacy grander than a Wildean dinner party.
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2025-09-28 14:58