At Remitly, we focus on making international money transfers easier, faster, and more secure.
That’s why we’ve introduced a new way to send money to Argentina: stablecoin transfers. You can now send digital dollars (USDC) directly to your recipient’s crypto wallet. This gives them more control over their funds and helps protect the value of the money you send.
This guide will explain why stablecoin are a valuable option for transfers to Argentina and walk you through the simple steps to send them using the Remitly app.
Why Send Stablecoin to Argentina?
Interest in digital currencies is growing in Argentina. One recent study found that 79% of Argentinians are open to using crypto for payments, making stablecoin a practical choice for modern money transfers.
This is where digital dollars like USDC can help. USDC is a stablecoin designed to maintain a 1:1 value with the U.S. dollar. When you send USDC, you’re sending a digital asset that holds its value similarly to a U.S. dollar, helping shield your recipient from currency devaluation.
What You Need Before You Start
Sending stablecoin with Remitly is simple. Here’s what you and your recipient will need:
- A U.S.-based Remitly account: This feature is available to Remitly customers sending from the United States.
- The latest version of the Remitly app: Update your app to access the crypto wallet delivery option.
- A recipient with a USDC-compatible crypto wallet*: Your recipient will need a wallet that supports USDC. Popular options in Argentina include Lemon Cash, Buenbit, and Binance.
- Your recipient’s wallet address: This unique string of characters works like an account number for their crypto wallet. Be sure your recipient shares the correct address and the associated blockchain network.
*Mention of wallet providers is for illustrative purposes only. Remitly is not affiliated with these platforms.
How to Send Stablecoin to Argentina: Step-by-Step
Once everything is set up, sending USDC takes just a few minutes:
- Start a Transfer: Open the Remitly app and select Argentina as your destination.
- Select Delivery Method: Choose Crypto wallet as the delivery method.
- Enter Wallet Details: Select the correct blockchain network and enter your recipient’s wallet address carefully.
- Confirm the Exchange: Powered by our stablecoin partner. You’ll see a 1:1 exchange rate—every U.S. dollar sent is delivered as one USDC.
- Review and Send: Confirm the details and fees, and then send the funds.
How This Helps Your Recipient
Choosing to send stablecoin gives your loved ones in Argentina meaningful advantages:
- Fast Delivery: Depending on the blockchain network, funds can arrive in your recipient’s wallet in minutes.
- Protection from Devaluation: Since funds are not automatically converted into ARS, recipients can hold USDC to preserve value during periods of inflation.
- Flexibility: Recipients can choose when to convert their USDC to pesos, giving them control over timing.
- More Control: Digital dollars can be held, spent, or exchanged—allowing recipients to manage their funds based on their own needs and goals.
For a Better Way to Send
Sending stablecoin to Argentina with Remitly offers a secure and efficient way to support your loved ones. By delivering digital dollars, you offer financial flexibility and peace of mind in a challenging economic environment.
Ready to get started? Update your Remitly app and explore the crypto wallet delivery option today.
Frequently Asked Questions (FAQs)
What is USDC and is it safe?
USDC is a digital stablecoin that is pegged to the U.S. dollar. For every USDC in circulation, there is one U.S. dollar held in reserve. USDC is issued by Circle, a regulated financial institution. While it is designed to maintain a stable value, all digital assets carry some financial risk.
What if my recipient doesn’t have a crypto wallet?
Many wallet apps—such as Lemon Cash, Buenbit, or Binance*—are available in Argentina. Recipients can download one from their phone’s app store and follow the sign-up process to obtain a wallet address.
Can my recipient withdraw the USDC in pesos?
Yes. Most crypto platforms in Argentina allow users to convert USDC to Argentine pesos (ARS) and withdraw funds to a local bank account. This gives recipients flexibility to access local currency when they need it.
*Remitly is not affiliated with any third-party wallet providers. Recipients should evaluate wallet options based on their own preferences and needs.