Issuer of the world’s biggest stablecoin, Tether, has struck a partnership with crypto on/off ramp platform KriptonMarket to support USDT transactions in the Central Market of Buenos Aires.
According to a statement by Tether, the collaboration with KriptonMarket will enable the market merchants to accept USDT as payment for goods while also paying their bills and a portion of employees’ wages with the same stablecoin.
Tether Aims To Provide Inflation Hedge For Small Businesses
Regarded as one of Latin America’s largest fruits and vegetable markets, the Central Market of Buenos Aires is home to 900 wholesale and 50 retail businesses, employing a total labor force of 2,000 individuals.
That said, the latest development by Tether is quite exciting for many of these merchants and customers, as the Latin American nation is currently experiencing hyperinflation, which has seen its fiat currency peso…
