Argentina leads the Western hemisphere in cryptocurrency adoption as it grapples with a 276% annual inflation rate.

With 2.5 million out of 130 million visitors to the largest crypto exchanges worldwide coming from Argentina, the country tops Binance’s market by visitor numbers.

Unlike the global memecoin trend, Argentines prefer stablecoins like Tether (CRYPTO:USDT) to hedge against inflation.

Despite a friendly stance towards cryptocurrencies, Argentina struggles with regulatory frameworks, as top exchanges remain unregistered with the national securities regulator.

Efforts to regulate the market continue, but the country has yet to provide comprehensive crypto services.