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      a16z Crypto: 94% of Argentina’s Peso Crypto Trading Goes to StablecoinsAn a16z crypto analysis...

      a16z Crypto: 94% of Argentina’s Peso Crypto Trading Goes to StablecoinsAn a16z crypto analysis found that about one in five people in Argentina use crypto, while downloads of the country’s 15 leading crypto apps surged 93% year over year in 2024. Stablecoins account for 94% of peso-denominated crypto trading volume, the highest share among major currencies tracked by Artemis. Adoption has remained resilient even as monthly inflation fell from 25.5% to 2.1%, with downloads of Lemon, one of Argentina’s largest crypto wallets, rising every quarter. Deel data also show that, as of July 2026, both the indexed share of Argentina-based contractors receiving pay in USDC and year-over-year inflation were at roughly one-fifth of their respective peaks.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud