Home Cryptocurrency Latin Americans are flocking to US dollar-pegged stablecoins as inflation rises

Latin Americans are flocking to US dollar-pegged stablecoins as inflation rises

by SuperiorInvest

A report published by blockchain infrastructure firm Paxos said that cryptocurrencies, especially dollar-pegged stablecoins, are attractive to Latin Americans who trust the US currency more than their own hyperinflationary national currencies. The report does not mention which stablecoins the users are using.

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