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USD stablecoin premiums surge in Argentina following economy minister’s resignation

07/05/2022

Less than a minute

2022.07.05 17:26

USD stablecoin premiums surge in Argentina following economy minister’s resignation

Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of United States dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman.

The minister’s shock exit, confirmed on his Twitter (NYSE:TWTR) account on Sunday via a seven-page letter, threatens to further destabilize a struggling economy battling high inflation and a depreciating national currency.

07/05/2022

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