Paraguay is confronting escalating financial turmoil centered around Ueno Bank, prompting savers to seek alternative financial instruments. Tether CEO Paolo Ardoino characterized the trend as a “flight to safety” as interest in USDT intensifies. Samson Mow, a Bitcoin advocate, reported a significant rise in the value of USDT against the Paraguayan guarani. Data reveals that from October 15, when USDT stood at approximately 5,692 guarani, it surged past 6,000 guarani by November 4, marking an increase exceeding 5%.