SatoshiTango has added the stablecoin USD Coin to its cryptocurrency list. This was reported by the company in Argentina through its YouTube channel.
“SatoshiTango contains USD Coin (USDC). We are talking about a stablecoin or stablecoin, and this means that their issuance can be hedged by fully reserved assets and exchanged one-to-one for US dollars.They pointed out.
“”It is the second most popular currency in the stablecoin worldand that it is growing very quickly, ”they later added.
Exchange restriction options
USDC is not the only option SatoshiTango is offering in Argentina to avoid the “exchange rate” imposed in that country that restricts the purchase of US dollars. In fact, they made it clear last month that they are operating normally with transactions to buy or sell cryptocurrencies, including the DAI stablecoin.
And the fact is that some concerns have arisen in Argentina due to recent cases that caused dissatisfaction among users, such as that of Buenbit (suspension of DAI / USD business) or BBVA Bank (suspension of accounts in dollars). In this regard, in July Cointelegraph en español consulted Matías Bari, co-founder and CEO of SatoshiTango, to find out his situation. Bari explained: “We work normally. In Argentina there are no restrictions on the purchase of cryptocurrencies, neither in pesos nor in dollars.”
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