On Tuesday, the crypto dollar USDT experienced a significant rise above $1.280 on the Binance exchange, representing an increase of more than $20 since the previous Friday. This value contrasts with other exchange rates, such as the blue and MEP rates, placing the crypto above in the virtual caves.
The sharp rise in the quotation occurs in a context of expectation and uncertainty surrounding the new agreement with the International Monetary Fund that Javier Milei's government seeks to finalize quickly, but which has not yet been approved by Congress. In recent days, parallel dollar quotes have shown an accelerated increase.
Stablecoins, managed on digital platforms known as "exchanges," are the protagonists when referring to the "crypto dollar." In this sense, the value of the crypto dollar USDT has increased considerably this Tuesday, surpassing $1.280, according to reports from Binance.
These cryptocurrencies are designed to minimize volatility by being linked to more stable assets, such as precious metals, natural resources, or fiat money. In the case of the blue dollar, it recorded an increase of $25 last week, along with a rise of $15 in a single day on Monday and an additional increase of $25 on Tuesday, reaching $1.260 for buying and $1.280 for selling.
By maintaining a 1 to 1 relationship with the dollar, stablecoins present themselves as a digital option that facilitates the dollarization of savings, being considered by many as relevant thermometers to anticipate future movements in the exchange rate, especially regarding the blue dollar in Argentina.
