Share this article
Argentina's Misiones Province Plans to Issue Its Own Stablecoin
If issued, Misiones' stablecoin will be used as a financing and transaction tool with private and public entities.
Updated Sep 14, 2021, 1:29 p.m. Published Jul 21, 2021, 5:32 p.m.
The Argentinian province of Misiones will issue its own native stablecoin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to an official statement published by Misiones’ secretary of finance on July 15, the province has enacted a law authorizing the stablecoin, which will allow it to create a new financing and transaction tool.
The project was approved by Misiones’ House of Representatives and is being studied by an interdisciplinary team that includes Adolfo Safrán, the province’s minister of finance.
“Misiones is the first province in the country to sanction a conceptual framework to develop these digital tools that are transforming finance and public and private management at a global level,” the statement said.
It is unclear whether Misiones will create its own blockchain or tap an existing network to support the stablecoin.
The law seeks to implement blockchain technology “with the aim of digitizing information in a reliable, transparent, secure, traceable and, moreover, environmentally friendly way,” the statement said.
Blockchain technology will be used in a green bond that will keep track of the carbon footprint absorbed daily by Misiones' forests.
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Trump's Voice Would Have 'No Weight' in Rate Decisions, Fed Front-Runner Hassett Says
Hassett is perceived as dovish and likely to support Trump's calls for significant interest rate cuts to boost economic growth.
What to know:
- Kevin Hassett, a leading candidate for Fed chair, stated that President Trump's opinions would not influence interest rate decisions if he were appointed.
- Hassett is perceived as dovish and likely to support Trump's calls for significant interest rate cuts to boost economic growth.
- As of now, Hassett has a 52% chance of being nominated as Fed chair, according to Polymarket odds, surpassing Kevin Warsh's 40%.
Top Stories
