Argentina stablecoins retain 94% of peso volume

• Stablecoins accounted for 94% of Argentina’s peso-denominated crypto trading volume, according to Artemis data cited by a16z Crypto.
• Argentina’s monthly inflation fell to 2.1% in July 2026 from 25.5% in December 2023.
• Crypto app downloads rose 93% during 2024, while stablecoin use continued after currency restrictions eased.

Stablecoins accounted for 94% of Argentina’s peso-denominated cryptocurrency trading volume, according to Artemis data cited by a16z Crypto.

The share was the highest among major fiat currencies tracked by Artemis, with the data indicating strong demand for dollar-linked crypto assets.

a16z Crypto said Argentines often use crypto purchases as a way to gain dollar exposure.

The 94% figure covers peso-denominated trading volume and does not represent all cryptocurrency holdings among Argentine users.

Argentina’s monthly inflation fell from 25.5% in December 2023 to 2.1% in July 2026, while Lemon wallet downloads continued rising during the period.

Argentina removed individual foreign-exchange purchase limits in April 2025, reducing the incentive to use stablecoins solely to bypass currency controls.

Stablecoin demand may also reflect payments, international transfers and dollar holdings, although the available data do not establish how usage will change.