Two Soccer Teams Transfer a South American Player Using USDC, But There’s Collateral Damage

The use of USDC to avoid the Central Bank of Argentina (BCRA) would make some sense for Banfield, as the bank’s regulations do not mention the word “crypto.” After all, if the club was forced by the BCRA to liquidate its exports in the official exchange market, it would receive 131 Argentine pesos (ARS) per U.S. dollar, while the U.S. dollar in the financial and informal markets exceeds 300 ARS.