USDT prices surge in Argentina as dollar demand spikes

USDT prices have skyrocketed to over 1,280 pesos (about 1.02 USD) in Argentina, reflecting heightened demand for dollars.

The surge is attributed to the decision to lift USD buying caps and concerns regarding peso devaluation, alongside rising dollar demand linked to upcoming elections.

Stablecoin purchases surged by 350% in a single hour recently, highlighting an increasing trend towards USD-pegged assets in Argentina.