Argentina stablecoins capture 94% of peso crypto volume

Stablecoins account for 94% of Argentina’s peso-denominated cryptocurrency trading volume, according to an a16z Crypto analysis published on Aug. 30 using market data from Artemis. Summary Stablecoins represent 94% of peso-denominated crypto trading volume across the major currencies tracked by Artemis. About one in five Argentines uses cryptocurrency, according to adoption research cited by a16z Crypto. Downloads across Argentina’s 15 leading cryptocurrency applications increased 93% year over year during 2024 nationwide. Argentina removed individual foreign-exchange purchase limits in April 2025, narrowing official and parallel dollar premiums. Deel’s indexed data show contractor USDC payments and annual inflation remained below their earlier peaks. The share was the highest among the major fiat currencies tracked by Artemis. The finding suggests that many Argentines use cryptocurrency primarily to obtain digital dollars rather than to speculate on volatile tokens. The analysis estimated that one in five Argentines uses cryptocurrency. It also cited data showing that downloads of the country’s 15 leading crypto applications increased 93% during 2024 from the previous year. “Buyin...