Paraguayan President Resigns Amid Ueno Digital Bank Collapse
Paraguayan President Santiago Peña resigned Thursday amid a political crisis triggered by the collapse of digital lender Ueno Bank, which left millions of customers unable to access funds. The central bank began resolution proceedings after the bank's solvency ratio fell below half the regulatory minimum. USDt traded at about a 13% premium on Bybit's Paraguay-facing P2P marketplace. Peña denied wrongdoing, and Vice President Pedro Alliana is set to succeed him if Congress accepts the resignation.
A sitting president's resignation is a major political event directly tied to digital banking failure, stablecoin premiums, and financial regulation, with claims attributed to AP and Reuters, offering strong verifiability and timeliness.
- Who
- Paraguay president
- What
- The Paraguay president resigned after the collapse of Ueno digital bank.
Source: Cointelegraph · cointelegraph.com
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