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An a16z crypto analysis found that about one in five people in Argentina use crypto, while downloads of the country’s 15 leading crypto apps surged 93% year over year in 2024. Stablecoins account for 94% of peso-denominated crypto trading volume, the highest share among major currencies tracked by Artemis. Adoption has remained resilient even as monthly inflation fell from 25.5% to 2.1%, with downloads of Lemon, one of Argentina’s largest crypto wallets, rising every quarter. Deel data also show that, as of July 2026, both the indexed share of Argentina-based contractors receiving pay in USDC and year-over-year inflation were at roughly one-fifth of their respective peaks
