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Why Argentines Are Turning From Dollars to Stablecoins Like DAI

A cocktail of high inflation, devaluation and lack of access to U.S. dollars has led Argentines to find in the decentralized stablecoin a way to protect their battered incomes.

By Andrés Engler

Updated Sep 14, 2021, 10:47 a.m. Published Dec 22, 2020, 4:45 p.m.

U.S. dollars are difficult to get, and the Argentinian peso faces immense devaluation. Locals are turning to DAI as an alternative.