According to Bloomberg news, Venezuela announced that 50% of its minimum wage will be pegged to the country’s cryptocurrency Petro (PTR).
Venezuelan President Nicolas Maduro announced a new monthly minimum wage of 126 Venezuelan bolivars ($28). Maduro announced that the minimum wage will be fixed by 50% to the country’s cryptocurrency, the Petro. In this case, the minimum wage in the country has increased 18 times.
Maduro explained that the minimum wage is 126 bolivars (about 28 dollars);
The country’s CBDC, Petro, is built on top of the DASH blockchain and centralized around government issuance.