USDT Sweeps Argentina: Stablecoin Now Dominates Crypto Market, Becoming the "New Digital Dollar"

The global consolidation of USDT is also reflected in Argentina, where users choose stablecoins to safeguard value and transfer money in minutes. Low costs, speed, and stability explain a phenomenon that already surpasses Bitcoin and traditional payment methods in terms of growth

The crypto market is undergoing a quiet but powerful transformation: stablecoins—and especially USDT—have become the backbone of the ecosystem globally and in Argentina. According to market data, USDT accounts for 62% of the total stablecoin capital, followed by USDC with 24%, while the rest is divided among smaller alternatives. At the same time, stablecoins account for only 7% of the total crypto market cap, but that percentage explains most of the actual use today.

Unlike Bitcoin or Ethereum, whose role is predominantly financial and technological, stablecoins have become a massive vehicle for value, transfer, and inflation hedging, especially in countries with high volatility. Argentina is the most obvious example.

"USDT has become the new digital dollar for ordinary Argentinians. It is not a speculative trend, but rather a response to a financial system that no longer offers predictability," said Guillermo Escudero, director in Argentina of the exchange www.cryptomkt.com 

Over the past five years, growth has been exponential. Global transfers in stablecoins have already surpassed PayPal and are approaching Visa and Mastercard levels, according to industry metrics. Adoption is not only massive: it is functional. And if you analyze on-chain transactions, the picture is even clearer.

Today, 55% of all transactions between Bitcoin, Ethereum, and USDT are carried out in USDT on the Tron network, displacing first Bitcoin (dominant in 2016) and then Ethereum, which came to lead in terms of costs and efficiency. Currently, Tron accounts for around 60% of global USDT transactions, compared to 27% for Ethereum, due to lower fees and faster confirmation speeds.

"What ultimately defined user behavior was not theory, but pocketbook. The real economy in crypto today moves with USDT and mainly on Tron, because it combines stable prices, fast confirmations, and negligible costs," Escudero explained.

Argentina: The Perfect Terrain for USDT

With chronic inflation, restrictions on the purchase of dollars, and deep-rooted cultural dollarization, Argentina has become one of the countries with the fastest-growing adoption of stablecoins in the world.

"While governments seek to promote CBDCs, the market has already made its decision. Stablecoins have won the battle for adoption and trust," added the executive of www.cryptomkt.com.

CBDC (central bank digital currency) projects are advancing slowly and with social resistance in several countries due to their potential level of control. Stablecoins, on the other hand, are expanding due to user choice and technological competition, not regulatory imposition.