Bessant reveals US Treasury buys Argentine pesos at unofficial exchange rate
US Treasury Secretary Bensent announced on the social media platform "X" on Friday that the US Treasury Department purchased Argentine pesos at a parallel exchange rate of "blue chip swap" on Thursday, boosting the performance of Argentine bonds. This is the first time Bensent has disclosed such foreign exchange intervention. Previously, the US Treasury Department had purchased pesos at the official exchange rate in the Argentine local market. After the news was announced, Argentine dollar bonds rose, and the 2035 maturity bonds reversed their early decline, rising 0.2 cents per dollar. Despite the intervention by the US Treasury Department, the parallel market exchange rate fell by nearly 1.4% on Thursday. Argentina's official exchange rate is obtained through banking channels, but the public widely uses a variety of unofficial exchange rates in financial and cash transactions, some of which are legal and some of which are in a gray area.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Investor Interest Grows as GeekStake Highlights Its 2025 Staking Features
Vitalik Buterin Backs ZKsync: Accelerating the Evolution of Ethereum’s Layer 2 Solutions
- Vitalik Buterin endorsed ZKsync, highlighting its ZK rollup role in Ethereum's scalability and security. - ZKsync's Atlas upgrade achieved 30,000 TPS with Ethereum compatibility, driving ZK token's 120% surge to $0.74. - Institutional adoption grew with $3.3B TVL, 27M monthly transactions, and partnerships with Deutsche Bank/Sony. - ZKsync leads ZK rollups with $3.3B TVL vs. $1.2B (StarkNet), leveraging EVM compatibility and low fees. - Investors face opportunities in ZKsync's network effects and deflati
ZK Atlas Enhancement and Its Impact on Blockchain Scalability
- ZKsync's October 6, 2025 Atlas Upgrade introduces modular architecture with 15,000–43,000 TPS and $0.0001 ZK proof costs, enhancing blockchain scalability and EVM compatibility. - Deutsche Bank and UBS adopt the upgrade for cross-chain settlements, leveraging its cryptographic finality and real-time RWA tokenization capabilities. - Bitget projects 60.7% CAGR for ZK-based Layer-2 solutions, reaching $90B by 2031, driven by institutional demand for interoperable, compliant blockchain infrastructure. - Modu
The Growing Enthusiasm for Zero-Knowledge (ZK) Technologies and What It Means for Cryptocurrency Investors
- Zero-Knowledge (ZK) technologies are reshaping blockchain infrastructure, enabling 28B TVL and 27M monthly transactions via platforms like zkSync Era and StarkNet. - Institutional adoption by Deutsche Bank , Sony , and UBS , plus $725M+ VC funding, validates ZK's scalability and compliance advantages over traditional systems. - EU regulatory frameworks now align with ZK's privacy-by-design model, using GDPR-compliant ZKPs for digital identity and enterprise NFTs. - Investors face strategic opportunities
Trending news
MoreCrypto prices
More
