Argentina’s growing adoption of stablecoins amid currency devaluation Blockchain security firm

Chainalysis released a study indicating that Argentina’s cryptocurrency adoption rate is on the rise, with a notable correlation between the use of stablecoins and the country’s currency devaluation.

The study reveals that stablecoins account for 61.8% of all crypto transactions in Argentina, surpassing Brazil’s 59.8% and only trailing behind Colombia’s 66%.

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