Tether, the world’s largest stablecoin issuer, has partnered with KriptonMarket, a leading cryptocurrency exchange in Argentina, to support the acceptance of USDT in the country.
The partnership will allow KriptonMarket users to deposit, withdraw, and trade USDT on the exchange. It will also make it possible for Argentinians to use USDT to buy and sell goods and services on the KriptonMarket platform.
Tether’s USDT is a stablecoin, which means that it is pegged to the U.S. dollar. This makes it a popular option for investors who are looking for a way to store their value in a cryptocurrency that is less volatile than Bitcoin or Ethereum.
The partnership between Tether and KriptonMarket is a significant development for the crypto industry in Argentina. It is the first time that a major stablecoin issuer has partnered with a local exchange in the country.
The partnership is likely to boost the adoption of cryptocurrencies in Argentina. It will also make it easier for Argentinians to access the global cryptocurrency market.