Odaily Planet Daily News Blockchain security company Chainalysis released a study on Wednesday showing that Argentina's cryptocurrency adoption rate is growing, and there is a correlation between the use of stablecoins and the depreciation of the country's currency. Argentine stablecoins account for 61.8% of all crypto transactions, higher than Brazil's 59.8%. Only Colombia has a higher proportion, at 66%. The report said that Argentina's surge in the use of such assets is due to the fact that the country's people are using stablecoins to gain exposure to the US dollar. Argentina is reportedly one of the countries with the highest inflation rates in the world. "(Argentines') interest in stablecoins highlights the role of cryptocurrencies in unstable markets and how citizens can better control their financial future by accepting cryptocurrencies, regardless of official monetary policy," the report said. The report added that the depreciation of the Argentine peso often leads to an increase in stablecoin transactions on crypto exchanges. (Decrypt)