Stablecoins will remain “indispensable” in Argentina under the leadership of the new president – ​​CEO of Ripio

Regardless of What changes Javier Milei brought has Argentina monetary system, stable coins are likely has to have A unshakable place In THE economy, Sebastian Serrano said.

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President-elect of Argentina Javier Milei ran on A promise of economic change. THE shape of THE transformation will only become known After her inauguration on Dec. ten, but stable coins will play A important role In The Argentinians financial lives No matter What arrived, Ripio CEO Sebastian Serrano said Cointelegraph Fr Spanish.

Argentina crypto community has replied with great enthusiasm has THE election of THE ancient economy teacher, Serrano said. Based in Argentina cryptocurrency exchange Ripio saw A 180% increase In new users In October And A 110% week after week increase In new users on Nov. 19, THE day of THE runoff election that brought Milei has power.

A Argentine Bank note. Source: Wikimedia Common

THE excitement was Also reflected In THE gust of trade activity with THE WE. dollar-indexed UXD stable part, which Ripio spear. UXD lost It is ankle on Nov. 17 And Also saw A amazing high of $5.03 that weekend, according to has CoinGecko.

Related: Milei sworn has close Argentina central bank — But will he TO DO that?

Stablecoins Already play A key role In The Argentinians financial lives, And that can be even more SO In THE future, if Or not Milei follows through with her plan has fully dollarize THE economy. Serrano said:

"With THE difficulties In to access both Bank note...