Stablecoins in Argentina: How Crypto Keeps the Economy Running

When your currency loses half its value in a month, you don’t choose crypto — you need it. In Argentina, stablecoins, digital currencies pegged to the U.S. dollar to avoid volatility. Also known as digital dollars, they’re not investments here — they’re survival tools. People use them to pay rent, buy groceries, send money to family, and save what little they earn. Unlike the Argentine peso, which crashes daily, stablecoins like USDT hold their value. That’s why over 30% of Argentinians now use crypto regularly — the highest rate in Latin America.

It’s not just about avoiding inflation. Stablecoins connect Argentina to the global economy. A worker in Buenos Aires can receive payment from a client in the U.S. in minutes, with zero bank fees. A student can buy online courses without waiting for a blocked international transfer. And when the peso drops again — which it always does — families cash out their USDT for cash at local exchange kiosks, often at rates better than the black market. This isn’t speculation. It’s daily life. The government doesn’t support it. Banks won’t help. But USDT, Tether’s dollar-backed token, the most widely used stablecoin in emerging markets. Also known as Tether, it’s the backbone of Argentina’s crypto economy. Meanwhile, hyperinflation, the rapid, uncontrollable rise in prices that destroys currency value. Also known as economic collapse, it’s the reason stablecoins exist here in the first place. In 2023, inflation hit over 200%. In 2024, it stayed above 150%. People aren’t investing in crypto — they’re fleeing their own money.

What you’ll find below aren’t just articles about crypto. They’re real stories from people who use stablecoins to eat, work, and keep their kids in school. You’ll see how Venezuelans do the same — and why the same tools work across collapsing economies. You’ll learn about the scams targeting new users, the platforms that actually work, and why most Argentinians avoid exchanges like Binance. This isn’t theory. It’s what’s happening right now, on the ground, in kitchens and cafes and WhatsApp groups across the country. These are the tools people actually use — not the ones Wall Street sells.