One of the most significant companies in Latin America, the Central Market of Buenos Aires, has announced that it’s allowing users to trade in its market using Tether (USDT) stablecoins. Tether has partnered with KriptonMarket to enable the move. The Central Market, which operates 12 million transactions to people monthly, will also allow companies to pay $US-denominated salaries as well as bills through USDT. This partnership is expected to lower intermediation costs and offers users greater payment options. With the local fiat currency, the peso, experiencing hyperinflation and a valuation crisis, Argentina has seen an increase in the adoption of cryptocurrencies. Cryptocurrencies additionally provide a hedge against macroeconomic instability, which citizens are experiencing in high levels. This new development is a significant achievement in Tether’s strategy to promote the mainstream use of stablecoins.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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