Argentinian UFC Fighter Cannetti to Receive Salary in USDC
‘El Ninja’ will get all his earnings in USDC, arguing this is much safer than receiving a salary in Argentinian pesos. Guido Cannetti – an Argentinian mixed martial artist who competes in the UFC – partnered with the crypto-focused payment company Bitwage to become its ambassador.
In addition, he will start receiving all his earnings in the stablecoin USDC instead of fiat currency. It is worth noting that the inflation and the political turmoil in Argentina have pushed a chunk of the locals toward the cryptocurrency sector. Instead of keeping their savings in peso (which has been rapidly depreciating recently), some Argentinians converted them into stablecoins pegged to the American dollar, such as Tether (USDT) and the one issued by Circle – USDC. The interest in such assets rose significantly after Argentina’s Minister of Economy.
Source
https://t.me/CryptoMarketUpdates
