🧉 Argentina🇦🇷: 61.8% of crypto transactions are now in stablecoins

🧉 Argentina🇦🇷: 61.8% of crypto transactions are now in stablecoins

The dominance of stablecoins in Argentina’s crypto market has become increasingly evident—especially in the wake of the recent global cryptocurrency downturn.
Amid high inflation, digital dollarization, and strict currency controls, stablecoins have emerged as a reliable way to preserve savings and facilitate everyday payments, offering an alternative to the volatile peso and limited access to foreign currency, according to recent data.

▶️ Background:

👉 In 2024, cryptocurrency adoption in Latin America grew by 42.5%, largely driven by the use of stablecoins.

👉 The region received over USD 415 billion in crypto assets, with Argentina leading the trend at USD 91 billion.

👉 From a macroeconomic perspective, inflation has been a major challenge, peaking at around 200%. Currently, it has improved, with annual rates projected between 27% and 29%, though overall stability remains uncertain.

▶️ Current situation: Argentina’s share of stablecoin transactions (61.8%) exceeds that of Brazil🇧🇷 and is significantly higher than the global average of 44.7%. The use of digital currencies has become decentralized, reaching beyond investors to include small businesses, freelancers, students, and retirees.

▶️ Outlook: Stablecoins are expected to become a major trend in liquidity management and international remittance optimization.

▶️ Key challenge: To enable sustainable growth, Argentina must establish a clear regulatory framework, which is currently lacking.

#news #crypto #Argentina #economy

🏦 Payouter.com — reliable payment partner in the CIS and 🇮🇳India: Intent, UPI P2C conversion 54% on FTD