Latin Americans Turning to Dollar Stablecoins Amid Inflation Surge: Paxos

Latin Americans Turning to Dollar Stablecoins Amid Inflation Surge: Paxos

As the region is enduring the highest inflation in the world, lingering around 12%, the dollar keeps its dominant position as a tool to counter the local inflation challenges. In this way, Latin Americans already see dollar-backed stablecoins as more secure than their own currencies, the report said.

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