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Why Argentines Are Turning From Dollars to Stablecoins Like DAI

A cocktail of high inflation, devaluation and lack of access to U.S. dollars has led Argentines to find in the decentralized stablecoin a way to protect their battered incomes.

By Andrés Engler
Updated Sep 14, 2021, 10:47 a.m. Published Dec 22, 2020, 4:45 p.m.
U.S. dollars are difficult to get, and the Argentinian peso faces immense devaluation. Locals are turning to DAI as an alternative.
U.S. dollars are difficult to get, and the Argentinian peso faces immense devaluation. Locals are turning to DAI as an alternative.

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