An Argentinian peso stablecoin makes a lot of sense, and could be very profitable.
Argentinians are very used to dealing in cash, and with the digitalization of finance, shops are struggling to accept virtual payments while evading taxes. There's a big business built around fake KYCs, but it's failing to scale.
With the official rate at 29%, just $10M AUM would net a healthy profit. I personally know people who travel thousands of kilometers to deliver cash payments and would find a solution here.
More importantly, you get a call option. If the reference rate scales back up to +100%, you'd be printing money.
Sadly, I'm very good at this fund management stuff so won't do it myself. But there's a very good opportunity here.
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