These three countries share one thing in common: people lost trust in their own currency.
The Argentine peso, Turkish lira, and Nigerian naira have all lost half—or even two-thirds—of their value in recent years. Imagine getting paid $1,000 today, but by next month, it's only worth $500.
That's why people turned to USDT. It's a digital currency that stays pegged 1:1 to the US dollar.
| Country | Key Takeaway |
|---|---|
| 🇦🇷 Argentina | 3 out of 10 people own crypto (highest in the world) |
| 🇹🇷 Turkey | Stablecoin purchases equal 4.3% of GDP (highest in the world) |
| 🇳🇬 Nigeria | Ranked #2 globally in crypto adoption |
These aren't just investors. People are using USDT like money in their daily lives.
Argentina's inflation rate in 2023 was 211%.
Here's what that means: if a cup of coffee cost $1 in January, it cost $3 by December. Your salary stayed the same, but prices tripled.
Then in December 2023, the new president (Milei) devalued the peso by 54% overnight. Imagine having $100 in the bank, and waking up to find it's now worth $46.
Argentines started converting their paychecks to USDT immediately.
The data shows:
Why USDT instead of Bitcoin? Bitcoin can drop from $100 to $90 overnight. But USDT always equals $1. For salaries and savings, stability matters more than potential gains.