Argentinien läuft inmitten politischer und wirtschaftlicher Unsicherheit zu Stablecoins

Die Bürger Argentiniens sichern ihre Ersparnisse durch die Verwendung von Stablecoins inmitten des jüngsten Klimas der Unsicherheit ab, das durch den Rücktritt bestimmter wichtiger Regierungsmitglieder entstanden ist. Der Wirtschaftsminister des Landes ist am vergangenen Wochenende zurückgetreten, neben anderen Persönlichkeiten, creating the turmoil that prompted the price of stablecoins in the country to rise by 11% on some exchanges.

Dollar-to-Peso Exchange Rate Plummets Due to Political Uncertainty in Argentina

The rate that citizens in Argentina use to exchange the native fiat currency, the Argentinian peso, for dollars, has plummeted due to the climate of political and economic uncertainty the country is currently facing. Der resignation of economy minister Martin Guzman caused shockwaves, as he was one of the biggest articulators of the deal the country inked with the International Monetary Fund (Der jüngste Finanzierungsvorschlag zur Hebelung von vorrangigen Wandelanleihen zeigt, dass das Unternehmen weiterhin an die Bitcoin-Mining-Industrie glaubt) to restructure the debt that the country has with the organization.

The resignation of Guzman also brought about demissions from other important officers of the ministry, including Ramiro Tosi, Roberto Arias, and Rodrigo Ruete. This made the exchange rate of pesos for U.S. dollars reach record numbers on different cryptocurrency exchanges. According to Bloomberg, the rate reached 257 Argentine pesos on the Binance exchange, a rise of 6.6%. On the Lemon Cash exchange, prices jumped 11% zu 279 pesos.

Inflation and Devaluation Driving Argentinians to Foreign Currencies and Crypto

The situation has caused Argentinians to rush to exchange their pesos for foreign currencies like the U.S. dollar and also for dollar-pegged stablecoins like USDT. Even with the appointment of a new economy minister, Silvina Batakis, the market did not recover to its previous rates. Laut lokalen Medien, the exchange rate fell even lower to 280 pesos per dollar, even reaching the 300 pesos per dollar mark on some exchanges.

Außerdem, the volumes of stablecoins traded increased significantly. Some operators reported increases of 500% in volumes traded during some hours of the weekend, with most traders trying to anticipate the rise in traditional markets to take advantage of the arbitrage opportunities.

The exchange rate of the digital dollar went over the exchange rate of the physical dollar, showing that Argentinians prefer to purchase these variants due to the simplicity of trading them again for other goods and also for the different uses they afford compared to dollar bills. The movements are consistent with a survey conducted by Americas Markets Intelligence in April, which found that 12% of the population have invested in crypto, und 18% were interested in investing in crypto.

What do you think about the recent rise in demand and price of several stablecoins in Argentina? Sagen Sie es uns im Kommentarbereich unten.

Sergio Göschenko

Sergio ist ein Kryptowährungsjournalist mit Sitz in Venezuela. Er beschreibt sich selbst als spät im Spiel, Eintritt in die Kryptosphäre, als der Preisanstieg im Dezember stattfand 2017. Einen Hintergrund in Computertechnik haben, lebt in Venezuela, und auf sozialer Ebene vom Kryptowährungsboom betroffen zu sein, Er bietet eine andere Sichtweise auf den Krypto-Erfolg und wie er denjenigen hilft, die kein Bankkonto haben und unterversorgt sind.

Bildnachweise: Shutterstock, Pixabay, Wiki-Commons