Bitwage CEO, Jonathan Chester, has revealed that stablecoins have played a crucial role for Argentine remote workers who receive payments from employers abroad. He stated that 70% of Bitwage's Argentine users utilize stablecoins, such as USDT and USDC, to acquire dollars and protect their salaries in a high-inflation environment. Chester emphasized that stablecoins have increased net wages by up to 50% for some workers. Argentina has become a stablecoin stronghold in Latin America, with reports indicating that the nation led stablecoin purchases in the region in 2023.
- Content Editor ( news.bitcoin.com )
- 2024-10-02
Bitwage CEO: Stablecoins Have Been a Lifesaver for Argentines