BREAKDOWN: Why Argentina Is Paying a Premium for Stablecoins
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 July 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
Citizens flooded into DAI and tether after the country’s economic minister announced his resignation on Saturday.
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
On today’s episode, NLW looks at a number of crypto events from the long weekend, including:
- Why Argentinians flooded into stablecoins and drove the price of tether above $1 over the weekend
- Whether on-chain bottom signals are reliable this cycle
- The latest in crypto contagion
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Nexo 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
real-time auditing and insurance on custodial assets. Learn more at nexo.io.
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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: hernan4429/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.8 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:04.5 | The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDes. |
| 1:12.5 | What's going on, guys? It is Tuesday, July 5th, and today we are talking about why |
| 1:17.3 | Argentinians are paying a premium for stable coins. Before we get into that, however, if you |
| 1:23.4 | are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, |
| 1:27.8 | or if you want to dig deeper into the conversation, come join us in the Breakers Discord. |
| 1:32.8 | You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 1:37.4 | Also a disclosure as always. In addition to them being a sponsor of the show, I also work with |
| 1:42.7 | FTX. All right, so today we are catching |
| 1:46.6 | up on some of the crypto news after the long holiday weekend, at least in the U.S. |
| 1:52.7 | Hope all of the U.S. listeners out there had a great America's birthday. Today, however, we're |
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