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USD stablecoin premiums surge in Argentina following economy minister’s resignationcointelegraph.com/news/usd-stablecoin-premiums-surge-in-argentina-following-economy-minister-s-resignation
101 sats \ 3 comments \ @siggy47 4 Jul 2022 bitcoin
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121 sats \ 0 replies \ @TheBTCManual 4 Jul 2022
I would imagine so, people are crying out for dollars as the dollar milk shake theory is in swing sucking up value from other currencies only the ruble seems to be holding up
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0 sats \ 0 replies \ @KingZing 4 Jul 2022
USD, the reigning champion of all fiat
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0 sats \ 0 replies \ @IgnaciobTato 6 Jul 2022 freebie
Because there is a restriction to exchange Pesos to USD through your own traditional bank, but you can send pesos to your Fintech and change it to DAI, USDT without limits. However, the Fintech doesn't want your pesos so it increase the price despite the official currency rate. In the end you use these stable coins as an alternative to USD.