Next October 22 is a key day for Argentina and as has been seen in recent weeks, economic uncertainty can cause even more harmful effects on inflation and the purchasing power of millions of Argentines, as was experienced on the day . yesterday, with the dollar crossing 1,000 pesos . Inflation, low reserves and general distrust led to the creation of more than 15 exchange rates against the dollar in recent times but with resolution 5430/2023, the Federal Administration of Public Revenues (AFIP) raised taxes to access the dollar with the use of debit and credit cards, raising the additional payment from 5% to 25%. In this way, the value of the solidarity dollar, card and Qatar is unified. But what to do in these moments of uncertainty? Guillermo Escudero, VP of Argentina and Peru at CryptoMarket , says that the first thing is to diversify, that is, resort to different options to protect money. But he highlights that, among the alternatives most chosen by Argentines is the “crypto dollar”, that is, stable cryptocurrencies or stablecoins, anchored in parity to the US dollar price. During the day on Tuesday, October 10 , the pioneer exchange in Latam observed a 100% increase in funding. “We observed that of 100% of the investments in cryptocurrencies made by Argentine users yesterday, 70% were for USDT (digital dollar), 20% for btc and eth, while the remaining 10% was allocated between various altcoins. This diversification demonstrates not only the security of the crypto market, but also the variety of instruments for people to exercise their economic freedom by opting for the best alternatives based on the multiple realities that coexist in our society,” he adds. These digital dollars, known as stablecoins or stable cryptocurrencies, are crypto assets whose price is linked to that of another asset. Although there are many varieties of cryptocurrencies of this type, the best known are those that maintain a 1:1 relationship with the US dollar, and that is why they are called crypto dollars, or digital dollars. These currencies do not have stocks, and can even have a better price than the free dollar. “In addition, today they are the best alternative, because the MEP dollar has increased parking and has several restrictions for buyers, while stablecoins are marketed freely on platforms in which the user only has to create a user and fund from their bank account (CBU) or Mercado Pago (CVU)”.
What Is The Type Of Dollar That Exploded After Touching 1000 Pesos?
Next October 22 is a key day for Argentina and as has been seen in recent weeks, economic uncertainty can cause even more harmful effects on inflation and the purchasing power of millions of Argentines, as was experienced on the day . yesterday, with the dollar crossing 1,000 pesos . Inflation, low reserves and general distrust led to the creation of more than 15 exchange rates against the dollar in recent times but with resolution 5430/2023, the Federal Administration of Public Revenues (AFIP) raised taxes to access the dollar with the use of debit and credit cards, raising the additional payment from 5% to 25%. In this way, the value of the solidarity dollar, card and Qatar is unified. But what to do in these moments of uncertainty? Guillermo Escudero, VP of Argentina and Peru at CryptoMarket , says that the first thing is to diversify, that is, resort to different options to protect money. But he highlights that, among the alternatives most chosen by Argentines is the “crypto dollar”, that is, stable cryptocurrencies or stablecoins, anchored in parity to the US dollar price. During the day on Tuesday, October 10 , the pioneer exchange in Latam observed a 100% increase in funding. “We observed that of 100% of the investments in cryptocurrencies made by Argentine users yesterday, 70% were for USDT (digital dollar), 20% for btc and eth, while the remaining 10% was allocated between various altcoins. This diversification demonstrates not only the security of the crypto market, but also the variety of instruments for people to exercise their economic freedom by opting for the best alternatives based on the multiple realities that coexist in our society,” he adds. These digital dollars, known as stablecoins or stable cryptocurrencies, are crypto assets whose price is linked to that of another asset. Although there are many varieties of cryptocurrencies of this type, the best known are those that maintain a 1:1 relationship with the US dollar, and that is why they are called crypto dollars, or digital dollars. These currencies do not have stocks, and can even have a better price than the free dollar. “In addition, today they are the best alternative, because the MEP dollar has increased parking and has several restrictions for buyers, while stablecoins are marketed freely on platforms in which the user only has to create a user and fund from their bank account (CBU) or Mercado Pago (CVU)”.
