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Argentina🇦🇷 is the posterchild for stablecoin adoption.
But should it be?
This year, hyperinflation has reduced and Trump offered Argentina a $20 billion lifeline to help Milei stabilize the peso.
So if stablecoins are a lifeline from hyperinflation, what happens to stablecoin adoption when inflation goes away?
We went to Argentina to find out.
But when we realized we were asking the wrong question...
The real story of Argentina involves long-standing distrust of government and the banks, and overbearing taxes that drive Argentinians to the informal economy.
While stablecoin volumes in Argentina surpass $90 billion, Argentina still has over $200 billion in cash circulating in the country, and hidden under mattresses. It's the second-largest holder of US Dollar cash, behind the US itself.
In this episode of Money Trails, presented by @StellarOrg, we explore why Argentines keep their money outside of the formal system, and why they are increasingly adopting stablecoins.
Featuring @mbeaudroit, CEO of @belo_app.
Watch the full episode here on X, or on YouTube - link in the post below ⬇️
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