Dorado Novice

Stablecoin adoption is soaring in the region as many people turn to the crypto tokens as a shield against currency devaluation and cheap remittances.

Together with the exit scams conducted last week, the total damage caused by rug pulls has surpassed $600,000.

2021 has been a boom year for cryptocurrencies. The growth of major coins such as Bitcoin and Ethereum has created many more crypto millionaires, many of whom have been targeted by tax authorities determined to make them pay their fair share.