Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam

[Google News Bot]

According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include stablecoins in Venezuela, and 31% of these in Argentina, as citizens seek to shield themselves from devaluation and inflation. 
 Chainalysis Report Finds Stablecoins Are Useful for Latam Countries 
 While criticized by many, stablecoins are becoming a significant part of the activity of the cryp ...

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