$ETH
They claim that Argentina leads the use of stablecoins in the region.
Days before International Remittance Day, Trump's team proposed a 3.5% tax on money transfers abroad. Meanwhile, the use of stablecoins has grown as a more economical and direct way in Latin America.
On June 16, International Remittance Day will be celebrated, in a context marked by new regulatory tensions. A legislative project promoted by the Donald Trump administration proposed to apply a 3.5% tax on remittances sent by non-naturalized migrants, according to a statement sent to Cointelegraph in Spanish.
It was reported that the initiative originated from the 'One Big Beautiful Bill' plan, although it has not yet been approved, it has already raised concerns in countries like Mexico, Guatemala, or El Salvador, where remittances are key to the economy.
The blockchain industry is moving towards real-time implementation, according to Taurus.
In this scenario, it was highlighted that stablecoins have emerged as a growing alternative, especially in countries with currency restrictions like Argentina. These are stable cryptocurrencies linked to the value of the dollar—such as USDT or USDC—that allow money to be sent through various blockchain networks.
Chainalysis was also mentioned, detailing that more than 40% of crypto operations in Latin America in 2024 were carried out with stablecoins, surpassing Bitcoin in transaction volume for the first time. In Argentina— they pointed out— this percentage rose to 61.8%, positioning the country as a regional leader in the use of this type of asset.
