Tag: Argentina

Stablecoins rose in value over the weekend as a result of the peso’s steep decline in Argentina. The peso fell roughly 15% versus stablecoins DAI and Tether on many major local markets after Guzman’s departure. Over the weekend, the value of both stablecoins jumped from 245 pesos to 280 pesos. Consumers purchased up to three times as many stablecoins as normal over the weekend, according to major cryptocurrency exchanges, as...