Argentines seek refuge from strict currency controls and rampant inflation by turning to “crypto caves,” clandestine exchanges for stablecoins like USDT. These underground hubs offer better rates than official channels, crucial in a country where the peso’s value plummets. Amid surging inflation, locals shun Bitcoin’s volatility. The emergence of these covert markets reflects deep economic woes, yet with hopes for change under Milei’s presidency, the future of these underground exchanges remains uncertain.
In inflation-torn Argentina, locals use ‘crypto caves’ — and avoid Bitcoin
