<p dir="auto">In Latin America, the crypto adoption is surging, driven by economic instability and a lack of traditional banking.
<p dir="auto">Countries like Argentina and Brazil are at the forefront, with around 15% Argentinians using crypto to hedge against inflation while Brazil leads in ETFs and stablecoin transactions.
<p dir="auto">Crypto in Argentina plays a remarkable role in the country's fight against inflation which reached a staggering 276% recently. Many Argentinians use cryptocurrencies, especially stablecoins like USDT, to protect their funds from inflationary pressures and as a hedge against the peso's downfall.
<p dir="auto">Strict currency regulations that restrict access to US dollars increase the allure of cryptocurrencies and encourage people to use digital assets as substitutes for cash for transactions and savings.
<p dir="auto">Despite risks associated with exchanges that are not regulated, the growing adoption of crypto reflects a wider search for financial stability amid economic crises.
<p dir="auto">Mexico is emerging as a hub for crypto remittances, processing over $3.3 billion in 2022.
<p dir="auto">Regulatory framework are evolving, with El Salvador pioneering Bitcoin as legal tender and other countries exploring clearer regulations to promote growth.
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Have a feeling that the countries close to El Salvador is getting really interested in what they ate trying to build over there.
I'm worried that Europe is falling way way behind in the crypto market...