Martin Yeza, a member of the new Argentine Congress, believes that stablecoins could play a key role in the country’s payment infrastructure. He also supports allowing the central bank to hold crypto assets and state-owned companies like YPF to mine cryptocurrencies, although the government has not yet implemented these measures.
Local analysts also support the trend of “tetherization” – using stablecoins like USDT as a tool to stabilize the economy, replacing complete reliance on the US dollar. According to Rocelo Lopez, a crypto entrepreneur, tetherization will help make transactions transparent, low-cost, and not require approval from the US government, in contrast to traditional dollarization processes.
A recent report shows that Argentine banks are preparing to offer crypto services to customers, while the central bank is drafting measures to open the cryptocurrency market to private banks.
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