The demand for the currency continues and is already reflected in the main exchanges. Meanwhile, attention falls on how the informal exchange rate that aims to cut the returns of instruments in pesos will continue.
He blue dollar It does not stop rising and advances $60 so far this week. In just six business days it climbed $85 and, when it comes to finding the reasons for this climb, the market marks the seasonal ones, but also some more temporary ones, such as the recent decisions of the Central Bank (BCRA) linked to the lowering of the rate, which cuts yields in pesos and limits the carry trade. In that context, the Virtual caves already anticipate a value above the blue dollar, close to $1,200.
The prices mentioned correspond to operations carried out on digital exchange platforms that work with stablecoins, known in Argentina as “crypto dollar.” These cryptocurrencies are specifically designed to reduce volatility, linking to more solid assets such as precious metals, natural resources or fiat currencies such as the dollar or euro.
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In Argentina, the most used stablecoins are those that maintain a 1 to 1 parity with the dollarwhich makes them a practical and accessible digital option for those looking to dollarize their savings.
Many Argentines consider that the stablecoin quotes are a thermometer to follow, given that it anticipates future movements in the exchange rate, especially the blue dollarin the country.
However, the prices, which already anticipate the high demand for accessing the dollar, are above $1,200 on the main exchanges. In Bitso is at $1,199.60.
How to buy crypto dollar
USDT is the most demanded and traded stablecoin worldwide, far surpassing the transaction volume of Bitcoin and Ethereum. Furthermore, it represents a more economical alternative for access the dollar at any time of the day, without the restrictions of the exchange rate.
To acquire crypto dollars, users have two main options: the first is through a centralized exchange, where the price is determined by the platform; the second, through a peer-to-peer (P2P) exchange, where two investors directly agree on the price of the transaction.
Source: Ambito
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