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Dai Sees Trading Volume in Latin America Quadruple During Pandemic



The economic crisis in Latin America, exacerbated by the COVID-19 pandemic, has caused interest in Dai to skyrocket in the past couple of months.

According to a report from local news outlet iProUP, the trading volume of MakerDAO’s stablecoins quadrupled during quarantine in Argentina from $5 million to $20 million daily.

Latin America Flocks to the Safety of Dollar-Pegged Stablecoins

Hit with sovereign debt and hyperinflation, countries in Latin America have entered the COVID-19 pandemic already struggling economically.

One of the ways that the struggling countries have been dealing with the crisis has been through the adoption of cryptocurrencies, which ...

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