Why Argentina Is Paying a Premium for Stablecoins

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.chainalysis.com/coindesk"><em><span style= "font-weight: 400;">Chainalysis</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p> </p> <p><span style="font-weight: 400;">On today’s episode, NLW looks at a number of crypto events from the long weekend, including: </span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why Argentines flooded into stablecoins and drove the price of tether above $1 over the weekend</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Whether on-chain bottom signals are reliable this cycle </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The latest in crypto contagion </span></li> </ul> <p> </p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including</span></em> <em><span style="font-weight: 400;"><br /> </span></em><em><span style="font-weight: 400;">real-time auditing and insurance on custodial assets. Learn more at</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">nexo.i