The resignation of Argentina’s Economy Minister Martín Guzmán was followed by a spike in the prices of stablecoins like USDT and DAI.
The economic analyst Damián Di Pace, through his twitter account, said around 9:00 p.m. (Argentina time), on Saturday: “On P2P platforms, the trading volume tripled in the last two hours for the purchase of US Dollar Crypto (USDT, DAI, USD Coin)”.
In addition, he noted that purchase orders were leaving between 256 and 273.24 Argentine pesos.
#URGENT #USDT #renunciaguzman In P2P platforms, trading volume tripled in the last 2 hours for the purchase of US Dollar Crypto (USDT, DAI, USD Coin). Buy orders are going out between $256 and $273.24. $4 above CCL and $34.24 above Blue Friday close
— Damian DiPace (@DiPace4) July 2, 2022
In the case of Tether, after 11 p.m., it was possible to see that the prices ranged from $249.78 (CryptoMarket) to $287.35 (Latamex).
(USDT quote. Image source: CryptoYa Charts)
Next, you can see the prices of different exchanges, after 11 p.m. (Argentina time), on Saturday, as could be seen in a CryptoYa chart:
Lemon Cash: 280.78
Crypto Store: $280
Krypton Market: $263.47
Binance P2P: $257.79
Huobi P2P: $254.5
Crypto Market: $250.1
Price of the parallel dollar in Argentina
It should be noted that the price of the dollar in the parallel market (blue dollar) was around 236 pesos for the purchase and 239 pesos for the sale.
The minister’s resignation
The Minister of Economy of the Argentine Republic, Martín Guzmán, resigned from his position, and made it known through your twitter accountwith a letter addressed to the president of that country, Alberto Fernández.
Martín Guzmán expressed: “With the deep conviction and confidence in my vision of the path that Argentina should follow, I will continue working and acting for a more just, free and sovereign Homeland.”
“Together we have taken steps so that the economy of our country recovers and grows. The hour requires that whoever you have take the reins of the Ministry that until today I had the honor of leading,” said the now former minister.
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