Why stablecoins are starting to take off in Argentina
September 3, 2020, 4:30PM EDT · 5 min read
Quick Take
- Stablecoin transactions in Argentina have ballooned this year
- High inflation combined with government-imposed currency controls — particularly restrictions on purchasing U.S. dollars — are behind the trend
Stablecoin transactions are soaring in Argentina, likely due to currency instability and new government-imposed restrictions on U.S. dollar transactions.
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