Paraguay USDT Offers Show 13% Premium After Ueno Closure
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Paraguay’s USDT market is trading at a roughly 13% premium on Bybit following the closure of local exchange Ueno, with a sharp gap between bid and ask prices for the stablecoin. The dislocation reflects savers scrambling for dollar exposure as Paraguay’s central bank prepares deposit-guarantee payouts for Ueno customers. The premium matters because it signals localized liquidity stress and heightened demand for stablecoins when a trusted local intermediary fails. Traders will watch whether the Bybit spread narrows once guarantee payments begin and whether other Paraguayan exchanges show similar USDT pricing gaps.
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Named in this story
USDT, Paraguay, Ueno, Bybit, Paraguay central bank