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Argentina, facing a staggering 276% inflation rate, has seen a significant surge in cryptocurrency adoption, particularly with USDT. A Forbes study reveals that Argentina is adopting crypto at 3.2 times its share of the global population, surpassing even the United States in percentage terms. The adoption is driven by citizens seeking to safeguard their savings as traditional assets, like beef, become too costly. However, the lack of regulation and reliance on untrustworthy exchanges pose challenges. Argentina now has the highest crypto adoption rate in the Western Hemisphere, highlighting the impact of its inflation-saddled economy.
A Forbes analysis has found that Argentina, with a 276% inflation rate, has the highest crypto adoption rate in the Western Hemisphere. But, use of trustworthy exchanges isn't so high. https://t.co/U0K25T1mB1
🇦🇷 Argentina's inflation rate skyrocketed last year, prompting a surge in crypto adoption. With beef becoming too costly, Argentinians are turning to cryptocurrencies like USDT to safeguard their savings. However, the lack of regulation and reliance on untrustworthy exchanges… https://t.co/xbEhlKbtqy
A Forbes analysis has found that Argentina, with a 276% inflation rate, has the highest crypto adoption rate in the Western Hemisphere. But, use of trustworthy exchanges isn't so high. https://t.co/ChH9a6yI9B (edited) https://t.co/9SjdXDdcWD