The lifting of currency controls in Argentina has triggered a rise in local stablecoin trading volume

Argentina will formally scrap the "cepo cambiario", a six-year-old strict currency control measure, from April 14, marking a major shift in the country's economic policy. After the country's economy minister announced the measure, the stablecoin market on Argentine cryptocurrency exchanges saw sharp fluctuations and a sharp increase in trading volume. At present, the high volatility of the Argentine market and abnormal trading activity may lead to more people choosing stablecoins.