This figure was taken from a mid-2025 report by Chaineries that addressed the reach and potential of cryptocurrencies in Argentina. Early use cases for cryptocurrencies were related to stablecoins and preserving the value of purchases, but analysts argue that this too is evolving.
Argentina enters 2026 with high encryption adoption levels and evolving ecosystem
Argentina's crypto ecosystem is poised to continue evolving in 2026, with analysts and industry insiders claiming that the country's crypto use cases are also changing.
Argentina enters this new year with a high level of crypto adoption, being classified as the first crypto-adopting country in Latin America by the Argentina Blockchain Foundation. Blockchain data company Chainaracy reported in its latest report that adoption levels have reached nearly 20%, and the number is on the rise.
This means that 8.6 million Argentines own or use some form of cryptocurrency, placing the country among the countries with the highest adoption of digital assets.
And while Argentinians' initial use cases included stablecoins as a way to combat inflation and fiat devaluation, this too is changing.
According to reports, stablecoins are the de facto standard digital asset in the country and are used as hedges, and users are now taking advantage of this to increase yields on their stablecoin holdings.
Local analyst Rodrigo Mancilla said:
Currently, the ease of use of cryptocurrencies, the dollar yield of cryptocurrencies, and other attractive features have been greatly expanded. Few people want their money to be left “not working”.
This has sparked fierce competition among local industry players, who have started offering higher and higher yields to attract users' funds.
According to reports, the central bank is currently working on a draft resolution that would allow banks to offer digital asset services, and the entry of banks into this ecosystem will also increase competition.
read more: Argentina's central bank considers banks offering cryptocurrency services
FAQ
What is Argentina's position on the adoption of cryptocurrencies in Latin America?
Argentina is classified as: Developed countries using cryptocurrencies In Latin America, adoption rates are around 20%.How many Argentines are reported to be using cryptocurrencies?
about 8.6 million Argentines Currently using or having used cryptocurrencies, the country ranks among the top adopters globally.How will Argentines use stablecoins in 2026?
Initially used to combat inflation, Argentines are now leveraging stablecoins for: generated yield Make effective use of your assets.What potential changes do you foresee with bank involvement in the crypto ecosystem?
Argentina's central bank is drafting a resolution to allow banks to offer. digital asset servicescompetition for users' funds may increase.
