Paraguay president resigns after collapse of Ueno digital bank
Summary
Paraguayan President Santiago Peña announced he would resign amid a political crisis following the central bank’s resolution proceedings for Ueno Bank, whose solvency ratio had fallen below half the regulatory minimum. Peña said he was stepping down to protect stability and savers. His former business ties to Ueno’s parent conglomerate drew scrutiny, while lawmakers debated impeachment over alleged conflicts of interest and other misconduct. The bank’s troubles coincided with USDt listings on Bybit’s Paraguay-facing P2P marketplace at prices roughly 13% above the central bank’s dollar reference rate. Vice President Pedro Alliana would succeed Peña if Congress accepts his resignation.
