Argentina's ongoing peso crisis is driving increased cryptocurrency adoption as citizens seek refuge in stablecoins and Bitcoin to combat inflation and currency devaluation. The U.S. is reportedly considering measures such as swap lines and debt purchases to help stabilize the Argentine peso, which has seen the central bank spend $1.1 billion in defense efforts. Local crypto platforms are witnessing a surge in stablecoin volumes as users navigate political uncertainty and fluctuating currency values by converting between crypto and pesos.