A month ago, I witnessed the price of USDT reaching an all-time high of 319PKR. This is the historical price rise since I entered the cryptocurrency market 7 years ago. This is the first time I've seen USDT vs PKR cross 300. Stable coins are supposed to be steady, yet it has proven unstable when compared to PKR.

When the price reached 319 a month ago, the PKR began to rebound and began to rise again. The PKR/USDT exchange rate touched 285. One week ago, 1USDT equaled 285PKR. This is because the IMF agreed with the Finance Minister to sign a loan agreement with Pakistan, allowing the PKR to continue to rise in value.

Why am I talking about the USDT/PKR exchange rate today? This is due to the fact that we have more dealings using USDT. I utilise P2P for all of my transactions, whether I'm depositing or withdrawing. This stable coin is the most convenient option to exchange money for PKR. I wish I could see HBD listed on Binance P2P, which would undoubtedly make my job easier.

When compared to other crypto coins, we are obtaining a significantly better pricing for USDT. We have ADA, BUSD, BTC, ETH, DAI, DOGE, TRX, MATIC, and other coins listed. However, the best rate I can obtain is when I deal in USDT. I calculated with various crypto currency, however they are all pricey in comparison to PKR/USDT.

The current price of 1USDT is 303PKR, which has grown yet more. The main reason is the report that the IMF has set some limitations on the arrangement. The main news that has caused the PKR to fall in value is the IMF's negotiations with the Finance Minister. As a result, this news has a significant impact on the USDT to PKR exchange rate.

To speak for myself, I would like to see the USDT price fall against the PKR since it will provide me with an opportunity to invest more money in USDT. Also, I want USDT to rise versus PKR because all of my payments are made in US dollars. For example, I work on the #HIVE platform, which pays me on a consistent basis. The payment is made in hive, which is then converted to USDT, and finally to PKR.

I don't care if the USDT price rises or falls because I have a decent approach in either case. However, one aspect of the dollar's price growth that concerns me is that it causes high inflation throughout the country. All commodities, food items, and other grocery items are increasing in price, making it difficult for individuals to purchase them.

We are already experiencing the highest rate of inflation, forcing poor people to starve to death. I recall that a flatbread used to cost around 15PKR, but now the same flatbread costs 30PKR. Which has seen a price increase as much as a double in price. Similarly, the price of petrol per litre used to be PKR 160, but now it is PKR 255.

These are the causes for the dollar's price rise against the PKR. If I look at the situation as a whole, I believe the price of the dollar must fall; otherwise, I don't care if the price rises or falls. But I want to see my country's economy stabilise and people feel some relief.

This is an attempt on my part to inform you about the price of USDT vs PKR, as well as the impact of USDT price increases on the people of the country. I hope you find this post informative, and I hope it is informative to you as well. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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