Inflation is raging in Argentina, and the local currency is depreciating rapidly. Some people are starting to consider how to use cryptocurrencies to hedge risks and simplify payments. It sounds easy to say, but what is the real role of stablecoins here?

Actually, they are not some magical substitute. More precisely, stablecoins serve two roles here: one is as an asset hedging tool against inflation, and the other is as an entry point to streamline payment processes. In other words, they address the two most practical pain points for users.

How does it work in practice? Taking tools like Peanut as an example, users can directly recharge with USDT and then seamlessly connect to local payment platforms like Mercado Pago, making payments by scanning a QR code. This process sounds simple, but it significantly reduces the hassle of traditional currency exchange and payment friction. You no longer need to queue at banks to exchange currency, the exchange rate loss is minimized, and payment convenience is improved.

Similar tools and platforms are gradually increasing in high-inflation countries like Argentina. Their common logic is: using stablecoins as intermediaries to protect users' purchasing power while making daily payments smoother. In this mode, stablecoins like USDT become a practical "transition zone"—not a complete replacement of the local financial system, nor some radical financial innovation—just a pragmatic solution to immediate problems.