A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation.

The report also highlighted that ETFSwap (ETFS) is expected to see 100x growth before Shiba Inu (SHIB), indicating the potential of the decentralized exchange platform.

Additionally, the text mentions that India is reconsidering the registration of foreign crypto exchanges, as the country continues to navigate the regulation of the cryptocurrency market.

The stablecoin economy has also expanded by $1.08 billion in 2 weeks, despite reductions in key coins. Tether, the largest stablecoin, has invested $100 million in an agriculture firm as competition in the stablecoin space grows.

Source: https://crypto.aabeyllc.com/bitso-report-shows-argentines-leading-stablecoin-adoption-in-latam/

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