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Has USDT for All been implemented in Venezuela?
According to Cointelegraph's research, due to Venezuela's inflation of 229%, many people have begun to use Binance's P2P function (similar to C2C) for offline settlements, even to the point where stablecoins are used by everyone.
Typically the payment process is:
· Merchants price real food and fruits in US dollars
· Then convert according to the U-field foreign exchange rate on Binance
· Scan the QR code to convert USDT on the spot
At present, many families use USDT to buy groceries, pay rent, transfer and remittance, and small and medium-sized enterprises also use it to settle imports, bookkeeping, pay wages and taxes.
Some employers also pay bonuses or part of their salaries in USDT to preserve assets, and employees only need to have a Binance account or stablecoin wallet.
Interestingly, this product, which seems to be the current CEO of Aster, has now been turned into a national tool by the Venezuelan people. This also means that the first country to enter universal encryption has emerged.

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