Venezuela and Argentina Lean on Crypto as Prices Soar

[cryptohog]

Venezuela’s inflation has surged past 170%, with stablecoins becoming so common that many call them “Binance dollars.” In Argentina, inflation has dropped from nearly 300% to 31%, but remains high enough to push savers toward crypto. Argentina recorded $93.9B in crypto volume, second in Latin America.

[Nahid Hossen]

Hyperinflation continues to push emerging markets toward crypto alternatives.