FinDelCepo

After the end of the "cepo", there is talk of a new scheme for the official dollar in Argentina: a system of exchange rate bands, with a floor at 1000 ARS and a ceiling at 1400 ARS per USD.
What does it mean? Theoretically, the Central Bank would intervene by buying dollars if the official price drops to 1000, and selling if it rises to 1400, to keep it within that range.
How does this affect the USDT/ARS that we see in #Binance ? 🤔
It is crucial to understand:
They are distinct markets: The USDT/ARS reflects the price of the dollar in the crypto/paralelo market, NOT the official rate.

After years of strict currency controls, Argentina eliminates the exchange rate restrictions. A historic measure that opens up the economy and changes the rules of the game for companies, banks, investors, and crypto users.
But the big question arises:
What will happen to the use of USDT in the country?
During the era of exchange controls, USDT became a key tool for Argentines. Not only as a way to preserve value against inflation and the devaluation of the peso, but also as a fast, global, and intermediary-free way to access the digital financial world.