Argentina's stablecoin use persists as inflation cools and dollar controls ease, data shows

Roughly one in five Argentines use crypto, and downloads of the country's 15 leading crypto apps rose 93% in 2024, according to the authors. Stablecoin adoption grew after 2019 currency controls capped official dollar purchases at $200 monthly, and contractor pay in USDC rose alongside 289% year-over-year inflation in April 2024. As of July 2026, both indexed metrics held near a fifth of their peaks. 94% of peso crypto trading goes to stablecoins, the highest share Artemis tracks; a digital dollar now costs about 4% more than the official rate. The authors suggest stablecoins may be becoming a habit rather than an inflation hedge.

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Argentina
• Stablecoins