Inflation causes surge in stablecoin usage in Argentina

The use of stablecoins in Argentina is surging. Blockchain data analytics company Chainalysis released a report stating that the extreme
He said inflation has led to an increase in stablecoin usage in Argentina. According to Chainalysis, stablecoins account for 100% of total cryptocurrency trading volume in Argentina.
The figure was the highest among all Latin American countries. Chainalysis said, "There is evidence that stablecoin usage is correlated with the devaluation of the country's currency."
The court diagnosed this as a "proven case."