{"id":139353,"date":"2024-10-11T11:00:41","date_gmt":"2024-10-11T08:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139353"},"modified":"2024-10-10T19:04:29","modified_gmt":"2024-10-10T16:04:29","slug":"argentina-becomes-latin-americas-leading-hub-for-cryptocurrency-inflows","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/argentina-becomes-latin-americas-leading-hub-for-cryptocurrency-inflows\/","title":{"rendered":"Argentina Becomes Latin America’s Leading Hub for Cryptocurrency Inflows"},"content":{"rendered":"

A Chainalysis report<\/a><\/strong> from October 9 indicates that between July 2023 and June 2024, Argentina\u2019s crypto deposits reached approximately $91 billion, compared to Brazil\u2019s $90 billion.<\/p>\n

This surge in cryptocurrency use in Argentina is largely driven by ongoing inflation and currency devaluation, prompting citizens to seek alternative means of savings, such as dollar-pegged stablecoins.<\/p>\n

Argentina has developed one of the largest stablecoin markets globally, accounting for 61.8% of its transaction volume, surpassing Brazil\u2019s 59.8% and well above the global average of 44.7%.<\/p>\n