The cryptocurrency adoption rate in Argentina is close to 20%, and people in the country are using stablecoins to earn profits

According to a report by News.Bitcoin.com, blockchain data company Chainalysis pointed out in its latest report that the cryptocurrency adoption rate in Argentina has approached 20% and is on a continuous upward trend. This means that 8.6 million Argentinians own or are using some form of cryptocurrency, placing the country among those with the highest rates of digital asset adoption.

The report also stated that stablecoins were initially used to combat inflation, and now Argentinians are utilizing stablecoins to generate profits and effectively manage their assets.