"From Scanning QR Codes to Street Exchanges for U: Argentina 🇦🇷 Has Formed a Complete Stablecoin Industry Chain"

1. Why has Argentina become the capital of stablecoins?

Because they have no choice.
When the local currency depreciates by 30% in a day and the monthly inflation exceeds 200%, ordinary people simply cannot keep their money in the currency.

Thus, Argentina has become the most unique crypto ecosystem in the world:
•61.8% of Argentinians use stablecoins daily
• Over 6000 street "U exchange shops" (USDT/local currency offline exchange points)
•Even convenience stores and cafes support stablecoin QR code payments.

This is not a crypto narrative —
This is a way of survival forced by inflation.

2. When the local currency is not worth holding, stablecoins become the "people's central bank".

It is not an exaggeration to say that Argentinians treat stablecoin wallets as their "main bank accounts."

Because:
•Holding fiat = Money is evaporating
•Holding stablecoin = At least won't lose 30% in a day

A total of 5 million people use USD stablecoin daily to purchase daily necessities.
What lies behind is a complete local payment chain:

Payment Gateway → Automatic Exchange → Merchant Account
Less than 3 seconds.

These are not "black technologies",
Instead, it is a financial system built by the people themselves for survival.

3. From Payment to the Grey Economy: Stablecoins Are Forced to Create a Complete Industry Chain

The "hole-in-the-wall store" (crypto redemption store) on the streets of Argentina has an astonishing turnover:
• Daily turnover per store: 20,000 USD
•Profit margin approximately 8%—10%
•The net profit in a year even exceeds that of local bank branches.

Why is it so profitable?
Because they are doing three things:
1. Help the common people bypass the monthly limit of $200 for foreign exchange.
2. Avoid 60% of foreign exchange heavy taxes
3. The only way for ordinary people to "escape the depreciation of their currency"

The stricter the policies, the more the demand surges, and the underground crypto economy grows wilder.

4. Argentina is still a Web3 "developer powerhouse"

What the outside world does not know is:
• Among 150,000 developers nationwide
•20,000 to 30,000 focused on Web3
• is one of the most active cryptocurrency technology communities in the world.
•Vitalik (V God) has acknowledged that Argentina is "one of the countries with the deepest crypto culture."

The surface-level coffee QR code payment is just a phenomenon.

Behind it is the stablecoin industry chain and Web3 soil formed passively by the entire country.

5. Different countries, different survival rules

On our side, stablecoins are more associated with "risk sources" and "financial stability."
In Argentina, stablecoins are a "refuge" that prevents families from going bankrupt within a month.

There is no right or wrong in the world—
Only different economic situations lead to different survival logics.

Some people treat stablecoins as asset allocation.
Some people see stablecoins as a lifeline.

And Argentina is the most vivid example.