Latest news: On October 17, prices of US dollar stablecoins (such as USDT) in Argentina rose for the fifth consecutive day. Coinpay data showed that as of October 16, the median buying price of USDT on Binance P2P had climbed to 1,612.6 Argentine pesos, while the wholesale exchange rate published by the Central Bank of Argentina was 1,512.81 pesos—a premium of 6.6%, the highest level since August 15. The average USDT price on the YZ-Shadow P2P market was around 1,614.15 pesos, a premium of about 6.7%. The rise came within a week of Argentine President Javier Milei discussing the risk of a run on the currency. Milei said the government had prepared $125 billion to deal with potential financial pressures in 2027.

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