Argentines Take Refuge in Stablecoins After Economy Minister Resignation
Following the resignation Saturday of Argentina's economy minister Martin Guzmán amid an economic crisis, Argentines purchased between two and three times as many stablecoins as they do on a typical weekend, crypto companies in the country told CoinDesk.
Three major crypto exchanges said that consumers were looking to hedge against a potential devaluation of the Argentine peso (ARS), whose buying power has plummeted over the past year as inflation skyrockets.
https://www.coindesk.com/business/2022/07/04/argentines-take-refuge-in-stablecoins-after-economy-minister-resignation/