Cryptocurrency adoption in Argentina is approaching 20%, and Argentinians are using stablecoins to generate returns.
TL;DR
Argentina's cryptocurrency adoption nears 20%, with 8.6 million users, ranking high globally. Stablecoins, once for inflation protection, are now used to generate yields and optimize asset utilization.
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[Argentina's Cryptocurrency Adoption Rate Approaches 20%, Locals Utilizing Stablecoins for Yields] According to a report by News.Bitcoin.com, blockchain data company Chainalysis stated in its latest report that Argentina's cryptocurrency adoption rate is approaching 20% and continues to grow. This means that 8.6 million Argentinians own or are using some form of cryptocurrency, placing the country among the nations with the highest digital asset adoption rates. The report also noted that stablecoins, initially used to combat inflation, are now being used by Argentinians to generate yields and effectively utilize their assets.