This Sunday, the bitcoin dollar either crypto dollar It is trading up to $650 in Lemon and Satoshi Tango, while its average value pared Saturday’s sharp rise to $623. This strong increase results from the uncertainty and the strong expectation that exists around these elections that will define the candidates who will play in the first round. However, this price is $45 more expensive than the blue dollar itself, which closed at $605 last Friday.
What is the crypto dollar
The crypto dollar is a concept associated with stablecoins (or stable currencies), appears as one of the main investment instruments among Argentine savers.
Is about cryptocurrencies which can eventually be converted to fiat currency, since its price is “anchored” to the value of an asset (such as gold) or a fiat currency, commonly the dollar.
They arose in response to the volatility of traditional assets in the crypto market, which is why many wonder which option is best to protect savings
In countries with economic instability and multiple regulations, he crypto dollar arose as an alternative.
The 3 most traded cryptocurrencies are Tether (USDT), USD Coin (USDC) and Dai (DAI). The parity is one DAI, one USDT or one USDC = one dollar. As the purchase and sale of cryptocurrencies is outside the traditional exchange market, the quotes and operations are not suspended on weekends or holidays or after 3 in the afternoon, when the banks close: they are still available 24 hours a day, 7 days a week operating. In other words, you can buy crypto dollars right now.
How to buy crypto dollar in Argentina
To buy stablecoins with dollar parity from Argentina, the first thing to do is have an account in an exchange with a balance in pesos.
With the account activated, what follows is to deposit balance. Find the stablecoin you want to buy and buy it through the app.
Regarding the variety of crypto dollars, you will be able to find all the stablecoins tied to the dollar as follows: USD Tether, USD Coin and Dai, all with prices in pesos.
Source: Ambito
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