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Why stablecoins are starting to take off in Argentina

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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Sep 22, 2021, 2:30AM UTC
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