Stablecoins and Argentina: Made for Each Other Blockchain, the distributed ledger technology behind cryptoassets, has been surreptitiously gaining its ubiquitous presence in the daily financial lives of Argentines over the last decade. The successive hyperinflation crises, which have afflicted the country since the launch of bitcoin in January 2009, accelerated the adoption of the digital
© Reuters. Mark Rosen, former U.S. representative to the International Monetary Fund (IMF), has endorsed the idea of Argentina adopting the U.S. dollar as its official currency to combat soaring inflation rates, a move that has been widely criticized by mainstream figures. Rosen, who served on the IMF’s executive board from 2019 to 2021, expressed
3/3 © Reuters. FILE PHOTO: A worker receives a dollar cash payment in a store in a market in Caracas, Venezuela, August 12, 2021. REUTERS/Leonardo Fernandez Viloria/File Photo 2/3 By Mayela Armas CARACAS (Reuters) – When Venezuela’s economy was showing tentative signs of recovery in 2020, Enrique Perrella thought it was time to open a
