Paraguay President Resigns Over Ueno Bank Collapse as Guarani Falls and USDT Premium Vanishes

Paraguayan President Santiago Peña resigned after the collapse of digital lender Ueno Bank, sending the guaraní down 4% against the dollar. The widely cited 13% USDT premium on peer-to-peer markets has disappeared, with Binance P2P sell offers under 0.1% above the official rate. The central bank's interbank dollar rate closed at 6,388.47 guaraníes on November 5. Deposit insurance is paid in guaraníes, reducing insured value from about $40,100 to $35,700. Vice President Pedro Alliana is set to take over, and 27 bank officials have been charged.