A group of Argentine developers launched the Peronio cryptocurrency, with an inescapable reference to Juan Domingo Perón and described as “the people’s currency”.
It is a stablecoin, that is, a cryptocurrency that is tied to a stable asset, which allows to minimize the volatility of its price, unlike what happens with the main cryptocurrencies with great value such as Bitcoin and Ethereum.
Already during his visit to the country last December, Vitalik Buterin, the creator of the Ethereum smart contract network, left a statement regarding what he thinks of Argentines in relation to this type of economy: “I am impressed with Argentina. I have never seen so many people involved in cryptocurrencies. In other countries, they believe in the theory but here the Argentines are really connected and know regarding crypto.”
In this case, Peronio works as a reserve of value and investment. Its developers claim that it is the first Argentine currency with the guarantee of preserving value over time because it is backed in dollars.
According to its creators, peronium seeks to “give users a savings and investment alternative safer than the Argentine pesodue to the volatility and instability that it has suffered for decades.” To this they added that their project wants to be “the leading cryptocurrency at the national level through solid reliability for as long as users multiply exponentially.”
Despite the name, they clarified that “the Peronio It has nothing to do with whether you are a Peronist or not.“, but seeks to be an alternative to weight, since “the peso is a currency that is worth a little less every day. Peronio is better, it does not have inflation, it is backed in dollars and, in addition, those backing dollars generate interest, so it is worth more and more. And I think that the best thing regarding it is that it is not handled by any politicianthey say on your website.