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Bitwage CEO: Stablecoins Have Become a Lifeline for ArgentiniansBitwage CEO Jonathan Chester revealed that 70% of the company’s Argentinian clients receive their salaries in stablecoins, such as
USDT and
USDC. This helps workers in the context of high inflation, increasing their net income by up to 50%. In 2024, Argentina accounted for $100 million out of the $400 million in payments processed by Bitwage, with a 400% increase in users over the past four years.
🛡 Chester emphasized that stablecoins have become a lifeline for Argentinian remote workers, who prefer to receive payments in digital dollars, allowing them to protect their salaries from inflation. Bitwage facilitates such payments from employers in the U.S., EU, and UK directly to workers' cryptocurrency wallets.
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