After the electoral shake, the markets reacted with strong tension: the wholesale officer shot, the country risk played maximum in a year and the Argentine actions collapsed. On the second day, the exchange rate “that never sleeps” remains above $ 1,400.
After a difficult day for the markets in the first reaction after the electoral result that made a strong difference between freedom progress and homeland, the Crypto dollar“The dollar that never sleeps” is around $ 1,445 and almost 2% falls according to Coinmonitor this Tuesday, September 9. In that sense, it seems that the demand for the Does could have channeled in the exchange rate could have been concentrated on the first day.
He “Crypt dollar” It is a way of accessing US dollars through the use of cryptocurrencies, without going through the traditional exchange market or official restrictions.
Peronism was imposed in the province of Buenos Aires with a difference greater than 13 points on the political force of Javier Milei. Although Javier Milei and Luis Caputo ratified the continuity of the scheme, the expectation of ads to contain the situation is imposed on the market. Meanwhile, The official wholesale dollar climbed more than $ 50 on Monday and approached to the band’s roof, the country risk played maximum in almost a year and the Argentine shares sank up to 24% both in the local bag and the Wall Street.
However, despite the expectation of ads, the government was limited on Monday to containing the rates intervening synthetic, and only announced a political table without changes in the names of the “small table.”
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How does the crypto dollar work?
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Purchase of cryptocurrencies in pesos:
A person buys a stable cryptocurrency (stablecoin) that replicates the value of the dollar, such as USDT (tether), USDC (USD Coin) or DAI. These digital currencies maintain parity 1 to 1 with the dollar.
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Digital transfer or possession:
Once acquired, the stablecoins can be stored in a virtual wallet (Wallet) or transfer to another person, inside or outside the country. This allows to move value in dollars quickly and without traditional bank intermediaries.
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Sale for dollars ticket or transferred:
Who receives those cryptocurrencies can sell them on a P2P (person to person) platform or in local exchanges, receiving physical dollars or transferred in exterior accounts.
Source: Ambito
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