Stablecoins and inflation in Latin America: the case of Argentina

Purpose - the purpose of this academic paper is to analyze Argentina's inflationary situation through an understanding of its monetary policy over the years, and to identify its effect on the country's poverty, explaining the relationship between fiat currencies and stable currencies. Methodological design and approach - by analyzing the case of Argentina through descriptive methodology, the authors provide information on the use of stable currencies in Argentina and the reasons behind their use. Findings - Through descriptive research, the authors were able to find out the situation regarding the use of stable currencies in Argentina. We identified how the country's monetary policy has affected inflation and thus purchasing power parity. Originality/Value - Discussion of cryptocurrency items, specifically stablecoins, has been limited due to their recent emergence and the existing discussion about their legality. The study presents an argument on the use of stablecoins by presenting a case that has not yet been studied.