Tether recognises and aims to help solve the inflationary crisis in Argentina by partnering with KriptonMarket. Tradecurve recognises the issues of unequal access to financial products and presents a solution through its hybrid trading platform that will allow global access to trading.
Tether and KriptonMarket bring mass adoption one step closer in Argentina and beyond
Argentina is currently dealing with insanely high inflation rates, going over 108%. Tether, the most used stablecoin, saw this as an opportunity to enter the market and provide a solution for people looking to protect themselves from their volatile economy.
To make stablecoins more accessible in Argentina, Tether has partnered with KriptonMarket, an on-ramp solution. Their goal is to enable people to accept, pay with and be paid in Tether, at the Central Market of Buenos Aires – a major player in the fruit and vegetable business in Latin America.
The Central Market of Buenos Aires is a bustling hub, providing jobs to over 2,000 Argentinians, and trading more than 106,000 tons of produce each month from various farms and merchants.
Unfortunately for locals, Argentina’s inflation rate is the fourth highest globally. The country has been grappling with persistent high inflation since the mid-2000s, and it currently holds the highest inflation rate among G20 nations.
Given the severity of inflation, many Argentinians have turned to cryptocurrencies, including Bitcoin, as a way to protect themselves against the economic challenges they face. Stablecoins like Tether aim to combat inflation by offering an alternative currency that mitigates currency depreciation. With the inflation crisis in full swing, it’s no wonder that non-fiat currencies are becoming increasingly appealing to Argentinians.
While Argentina ranks 13th in the 2022 Global Crypto Adoption Index by Chainalysis, not everyone in the country fully embraces cryptocurrencies. There have been recent restrictions on crypto transactions, such as the central bank’s ban on payment providers facilitating them.
However it’s clear that this doesn’t match with the will of the people since these measures have increased support for pro-Bitcoin politician Javier Milei, who has been vocal about his support for the cryptocurrency.
Tradecurve is another part of the solution for financial access equality
Tradecurve is trying to turn the TradFi world upside down and bring some innovative solutions to the global economy. They’re all about transparency and flexibility, thanks to the power of blockchain technology.
Now, let’s connect the dots. Just like Tether partnering with KriptonMarket to help Argentinians fight inflation, Tradecurve is also focused on solving global financial issues. They’re enabling people to trade crypto and all kinds of financial products such as stocks, bonds and forex, without being held back by regulatory restrictions. It represents a new era for the unbanked and those facing economic challenges. It’s like having the best of both TradFi and DeFi – the convenience of a traditional brokerage combined with the transparency and decentralized nature of blockchain.
Tradecurve knows how important privacy is. They’re breaking barriers and letting people trade without invasive KYC procedures. All you need to do is deposit your crypto and then trade freely. They even accept popular stablecoin USDT, meaning that Tether’s partnership with KriptonMarket is bullish news for Tradecurve, as Argentinians will have easy access to the currency from now on, especially as Tether has also been integrated into the Strike payment app.
Argentina is a great example of a place where Tradecurve can make a difference. By providing a platform where people can trade freely and access financial opportunities, they’re empowering those who are affected by hyperinflation and economic instability. It’s a step towards financial freedom and leveling the playing field.
Tradecurve’s native token is TCRV. Holders of TCRV can stake their tokens and earn passive income while helping to ensure deep liquidity for the platform. Plus, TCRV holders get discounts on trading fees and more.
Tradecurve is now in the second stage of presale at $0.012. With their global potential, it’s easy to see why the token is forecasted to go as high as $5 when it’s listed on Uniswap and other major exchanges.
For more information about TCRV presale tokens:
Buy presale: https://app.tradecurve.io/sign-up
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