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I get that but again, it's not like these folks want to speculate with their life savings, right? If that's the case, it seems like a stablecoin would be the r

• gus_massa 6y ago
  My guess is that they are using that for the working money of the business, that they keep only for a week or a month. (A 2000% annual inflation is almost 5% daily, so if you have to keep the money for two days it is better to convert to something else even if the conversion has a 10% spread.) For long term storage, my guess is that they get some real dollars and keep them under the mattress or buy some real state. [We never had here in Argentina this level of inflation for a so long time, so I have to guess. It is weird, because most of the time I can just say "Been there, done that.", but this is an exception.]