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Cryptocurrency News Articles
Argentine users turn to stablecoins as a key financial instrument after the announcement of the removal of the exchange rate.
Apr 19, 2025 at 06:56 pm
Stablecoins, cryptocurrencies pegged to the US dollar value, are strengthening their position as a key financial instrument for many Argentines, after the announcement of the removal of the exchange rate.
The Stablecoins, cryptocurrencies tied to dollar value, are strengthening themselves as a key financial instrument for many Argentines, following the announcement of the removal of the exchange rate, according to a joint survey by Cryptomkt and Coinchange Financial.
The report, titled "The Future of Money is Now: Stablecoins Arrive in Argentina as a Key Financial Instrument," highlighted the growing popularity of cryptocurrencies in the Latin American country.
"Latin America is the second region with the highest global growth in the use of Stablecoins, with an interannual increase of 42.5% and more than 36 million active wallets. Only in Argentina, these cryptocurrencies represent 61.8% of the volume of crypto operations," the researchers stated.
The recent economic history of Argentina is crossed by exchange restrictions that limited access to the dollar. The report also mentioned some doubts about what will happen in the future: "What will happen to the exchange rate? How long will the opening last? What will happen to those who work in informality?"
Within this framework, the report remarked that "Stablecoins such as USDT (Tether), USDC (USD Coin) and DAI (DAI) emerge as a solid alternative and accessible to operate with a parity near the dollar without the need to depend on the traditional banking system. "
"People need predictability in a volatile economic environment," said María Fernanda Juppet, CEO of Cryptomkt. "And the stablocoins offer precisely that: an accessible, safe and decentralized form of preserving value and making transactions in a strong currency," she added.
The investigation warned that "the phenomenon is not limited to small savers." "Every time more professionals and export companies, from programmers and designers to consultants and SMEs, they adopt stablcoins as a form of international collection," he specified.
Jonathan Chester, founder of Bitwage, a cryptoactive payment platform, said that "the Argentines and professionals who export services are already charging in Stablecoins because they prioritize privacy, speed, liquidity and freedom without borders or restrictions. In addition, they dodge bank costs, delays and local bureaucracy."
"This allows them to receive payments from abroad directly in their wallets, without the need to go through the traditional banking system, and then convert them to pesos or keep them into Stablecoins according to their savings strategy," he added.
The report also touched upon the global context, marked by the commercial escalation between the United States and China.
"As the United States decided to impose new tariffs on technological products from China, an action that could be related to the administration of Donald Trump and the cryptocurrency sector, we observed a response from the Chinese government, which in turn announced tariffs on U.S. products such as oil, chemical products and copper, generating greater uncertainty in the markets," the researchers stated.
In this scenario, the stablecoins gain ground as a refuge of value.
"Every time the economic tensions between powers intensify, we observe an increase in cryptocurrency demand such as Bitcoin, Ether and especially Stablecoins," said Rafael Meruane, Cryptomkt co-founder. "They not only represent technological innovation, but also a tool to protect heritage against uncertainty."
The report explained that this type of context encourages what analysts call "Flight to Crypto," a capital migration towards digital assets perceived as shelter against uncertain economic policies. The linking of stablecoins to the dollar makes them a particularly attractive option in volatility times.
The report also alerted on an emerging trend: companies that analyse issuing their own corporate stablocoins. Tools such as M^0 Labs facilitate this possibility, guaranteeing interoperability with the defi ecosystem.
The digitalisation of corporate weights could optimise operational efficiency, the traceability of transactions and reduce traditional costs, while opening new financing and investment opportunities for companies.
The report highlighted that, despite perceptions in some sectors, the adoption of stablecoins is accelerating rapidly. Platforms like Cryptomkt and Coinchange are recording a constant growth of users both in Argentina and in the rest of Latin America.
"We are witnessing a silent, but unstoppable revolution in the way in which people and companies manage their money," said Juppet. "The stablecoins are democratizing access to digital money and offering a real and tangible alternative to traditional financial systems that, on many occasions, have proven unable to protect the interests of citizens."
From Coinchange Financial, they agreed: "In a world where financial innovation advances at full speed, Stablecoins stand out as a practical and accessible tool that can improve your finances and help you stay competitive. The future of money is digital, and Stablecoins are the key to unlock it."
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