How Argentina uses stablecoins, in 5 charts

Stablecoins solved an urgent problem in Argentina. Then people kept using them.
This is the summary a16z crypto publishes in its feed. The full article lives on their site.

Stablecoins solved an urgent problem in Argentina. Then people kept using them.
This is the summary a16z crypto publishes in its feed. The full article lives on their site.
A National Assembly committee adopted amendments taxing stablecoin swaps and crypto exits by wealthy holders, then rejected the 2027 budget's revenue section.
Tron records show a 2 million USDT conversion through USDD’s stability module; Bitquery estimates Tether froze $10 million across the wider theft cluster.
The Argentina-first initiative would let customers convert eligible deposits into ONED USD, transfer it around the clock and spend through Visa.
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation.
Sen. Richard Blumenthal wants Cantor Fitzgerald to open its records on Tether and on how much Commerce Secretary Howard Lutnick's family has earned from its business deal.