Economy Local 2025-11-29T01:41:24+00:00

Argentines Massively Shift to Crypto for Salary Receipts

A recent survey shows 30% of Argentine service exporters get paid in USDC, 22% in USDT, and only 2% in the local currency. Stablecoins have become a daily tool for professionals seeking stability and freedom from peso volatility.


Argentines Massively Shift to Crypto for Salary Receipts

There has always been a need to save and operate in dollars, but what stablecoins did was to make that access daily: not only for large operations, but also for freelancers, employees, and companies with international transactions. Ultimately, they accelerated the digital dollarization of the global financial ecosystem, he added. Thinking in Dollars Although the macroeconomy began to show signs of moderation and the exchange rate looks more predictable than in previous years, the Argentine professional who exports services has already incorporated a logic that transcends the local context: to think in dollars and get paid outside the traditional financial system. The search for stability, predictability, and economic freedom has become part of their professional DNA. That's why getting paid in crypto has stopped being an exception and has become a practical decision, especially among those who work for foreign clients and need to avoid the volatility of the local system. More and more Argentines are converting their talent into a direct export of services, without intermediaries or borders. Crypto salaries have consolidated as a refuge of autonomy and trust: global, digital, and independent of the peso. The transformation in how Argentines get their pay had already been in the making before November positioned Buenos Aires as the epicenter of the global crypto ecosystem, with conferences, hackathons, and over 300 side events distributed throughout the city: the peso had practically ceased to be a payment option for those exporting services. The arrival of global figures like Vitalik Buterin, creator of Ethereum, Gavin Wood of Polkadot, builders from Arbitrum, and dozens of infrastructure companies not only turned Buenos Aires into a technological showcase: it also confirmed that Argentine talent is integrated into the conversations that will define the coming years of the Web3 industry. With the advent of the digital dollar, it was natural that a portion of that volume would migrate to stablecoins, which explains in part the growth of international payments. Even the capital account of the Balance of Payments showed a slight recovery. From Individual to Corporate Use The use of stablecoins is growing at an exponential rate, but corporate payment infrastructure remains anchored in slow systems and banks that don't communicate with each other, says Jonathan Chester (JC), CEO of Bitwage. Our recent integration with Paystand opens the possibility, for the first time, for corporate payments to be made directly in stablecoins, and we believe Argentina is not far from being one of the first countries in the region to adopt it massively, he stated. Buenos Aires, November 28 (NA) – The latest survey by one of the most used platforms by service-exporting professionals to receive fees from abroad indicates that 30% get paid in USDC, 22% in USDT, and another 10% directly in dollars through financial apps. Only 2% decide to get paid in the local currency, even since the option was enabled a few months ago. The Tron and Polygon networks are also advancing strongly—the latter with sustained growth over the last year—driven by their lower costs and faster transaction speeds. A qualitative change in the type of worker was also detected. The average amount per person in the last 12 months was USD 1,475, but if only the last three months are observed, that average jumps to USD 2,586, according to data accessed by the Argentine News Agency. The payments are demonstrative that today consolidated professionals—developers, programmers, technologists, consultants, senior designers—predominate, while freelancers who did minor tasks have migrated to other payment platforms. Another conclusion drawn from the data points to the fact that the Argentine remote work market has ceased to be an atomized market for small tasks and has transformed into a professional ecosystem that operates with global standards. Until 2024, the payment map was almost monopolistic: 94% of collections came from the United States and only 5% from Europe. But this year that proportion changed: 88% of payments arrive from the US and 12% from the old continent. Geographical Diversification The trend reflects a geographical diversification of Argentine talent, which is increasingly in demand by European companies seeking qualified professionals, flexible billing, and efficiency in cross-border payments. The Argentine has something that is difficult to explain but easy to see in the data: a huge capacity for adaptation. That cultural elasticity is part of the reason why Argentine professionals are so coveted outside the country, says Guillermo Escudero, Argentina director at CryptoMarket, one of the leading and pioneering exchanges in Latam. It should also not be overlooked that there is a structural data point: according to estimates from the US Treasury (TIC Report), Argentines have between 200,000 and 250,000 million dollars outside the local banking system, adds Escudero. It is a deeply rooted economic culture: the Argentine thinks, saves, and operates in dollars.