In the middle of the Buenos Aires elections and after a week of exchange volatility, the crypto dollar – which operates 24 hours – remains above a key value.
Herein Electoral day, And after a week of strong exchange tension, market attention is perched on a particular thermometer: the crypto dollar. Unlike the official and parallel market, which stops its operations during the weekend, the quotes of the stablecoins – digital monses that replicate the value of the US dollar – remain active 24 hours a day.
This noon, while the Buenos Aires go to the polls, the Crypto dollar is above $ 1,400 to $ 1,413 according to Coinmonitor, even without knowing the vote trends.
The monitoring of these quotes becomes more relevance after the Government would decide to depart from the flotation rule between bands and enable the Treasury to sell dollars directly in the market. The intervention sought to stop the exchange escalation and stabilize prices. VAle remember that the dollar culminated on Friday, prior to elections at $ 1,386. The Blue dollar meanwhile, closed to $ 1,370 and the gap with the wholesale officer was 1.1%.
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The crypto dollar continues to grow in Argentina
The phenomenon of the “crypto dollar” is consolidated in the country. According to the latest Bitso report, during the first semester of 2025, the Stablecoins represented 16% of the average portfolios of Argentine users, compared to 12% in Colombia and 8% in Brazil. In addition, in the same period, 85%of local cryptocurrency purchases were concentrated in USDT (78%) and USDC (7%).
“The interest in the crypto dollar reflects the preference of Argentines by instruments tied to the green ticket as a value refuge, in a context of devaluative expectations,” explains the report.
Source: Ambito
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