Tether has partnered with KriptonMarket, a leading crypto exchange in Argentina, to support USDT acceptance in the country.
The partnership will allow KriptonMarket users to deposit, withdraw, and trade USDT on the exchange. It will also allow users to use USDT to purchase goods and services from merchants that accept the stablecoin.
Argentina has been hit by hyperinflation in recent years, which has led to a decline in the value of the Argentine peso. This has made cryptocurrencies, such as USDT, an attractive option for Argentines who are looking to protect their savings from inflation.
The partnership between Tether and KriptonMarket is a major step towards making USDT more accessible to Argentines. It is also a sign of growing confidence in the cryptocurrency market in Argentina.
Tether is a blockchain-based cryptocurrency that is pegged to the U.S. dollar. It is the most widely used stablecoin in the world, with a market capitalization of over $80 billion.
KriptonMarket is a leading cryptocurrency exchange in Argentina. It was founded in 2018 and has over 100,000 registered users.
The partnership between Tether and KriptonMarket will allow Argentines to use USDT to access a wider range of financial services and products. It will also help to promote the adoption of cryptocurrencies in Argentina.
The partnership is a significant development for the cryptocurrency industry in Argentina. It is a sign of growing confidence in the market and it will help to make cryptocurrencies more accessible to Argentines.