Paraguay's president resigns as Ueno Bank collapse lifts USDT to 13% premium

Paraguay's president has resigned in the wake of the collapse of Ueno Bank, according to a breaking report from Cointelegraph. The outlet did not name the outgoing leader or detail the timing of the departure.

The same report flagged a telling side effect: USDT is changing hands at a 13% premium on local peer-to-peer markets. In plain terms, Paraguayans are paying about 113 cents for a token designed to be worth a dollar.

That kind of spread is a stress gauge. When bank withdrawals freeze up and greenbacks get scarce, savers in countries like Paraguay often route around the system through stablecoin P2P desks — pushing the price of dollar-pegged tokens above their peg.

Cointelegraph framed the premium as a scramble for dollars, with locals hunting hard currency as the banking shock ripples through the guaraní economy. The report did not say how long the premium has held or how deep the bank's losses ran.

Key questions remain unanswered: who takes over the presidency, what happens to Ueno Bank depositors, and whether the P2P premium widens or cools. Paparazzi will update as officials respond.