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0 sats \ 3 replies \ @Bell_curve 13 Aug \ parent \ on: Tether's Circle of Death econ
60 percent of transactions in Latin America are dollars and usdt?
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21 sats \ 2 replies \ @didiplaywell 13 Aug
In the case of Argentina it should be close to 30%, because that's the percentage of international trade respect to total GDP, of which the majority is made in dollars (the sole exception is Brazil, which prefers to transact in its own currency).
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10 sats \ 1 reply \ @Bell_curve 13 Aug
What about domestic commerce? Black market transactions?
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21 sats \ 0 replies \ @didiplaywell 13 Aug
It has to be nearly the same 30%, because that's the USD that's moving. The mass of the people uses Pesos, but that 30% moves when people buys USD to save, or spend it to cover unexpected expenses, and by far and large it's used for greater transactions in the farming and real-state industry, which involves fewer people but greater amounts.
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