In fact, we carry out a sterilization program that is unprecedented for Argentina - because of its depth as well as its quality - on the basis of a public sector that saves, a sound financial system, and a Central Bank with a strengthened balance sheet. While we are enjoying a favorable international scenario, believing that this scenario will last forever would be misleading.
PayPal is also aiming to issue its own stablecoin.2 Visa and Mastercard have both announced plans to offer stablecoins as part of their payment services. In short, governments and central banks worldwide are concerned about the prospect of billions of platform users exchanging fiat currency into private money that may become locked into private ecosystems of global players, calling monetary sovereignty into question.