Argentina has emerged as the leading country in Latin America for cryptocurrency adoption, with a usage rate of nearly 20%, according to a mid-2025 report by Chainalysis. This translates to approximately 8.6 million Argentines engaging with digital assets, positioning the nation among the top global adopters. Initially, Argentines turned to stablecoins to hedge against inflation and currency devaluation. However, the use cases are evolving, with many now leveraging stablecoins to earn yields. This shift has sparked intense competition among local crypto firms, which are offering higher returns to attract users. Additionally, the Argentine central bank is considering a resolution to allow banks to provide digital asset services, potentially increasing competition further.