As an Argentinian, I heavily doubt the stablecoin they're planning will help us out much.

Some of you might've seen the news that an US-pegged stablecoin is being planned by the Argentinian government to deal with some of the insane inflation and economic problems plaguing our country. Which might be a nice sentiment and effort were it not for a few things.

Number one, our government is incredibly inept. Whether the peronists or the macrists, none of them have a clue how to run our country and that has become clear with how insanely devalued our coin has become. We're on our way to match Venezuela in that regard.

Second, a stable coin gives the government the opportunity to mint a coin and distribute them amongst themselves with the pegged value they set up, making it a prime opportunity for corruption, which my country is famous for.

Not to mention the idea just reeks of FTX but this time done by a government, which is even worse. All around, I think it's a terrible idea and if anything it's gonna make our situation worse than it already is.

So pray for us if you can. I'm stuck in this place and suffering from these economic disasters, I can just hope things will get better eventualyl.

EDIT: ARGENTINA WORLD CHAMPION LETS FUCKING GOOOOOOOOO