Another Argentine UFC Fighter Gets Pay in USDC Stablecoins!
9/28/2022, 02:43 PM
In July of this year, Argentine UFC fighter Guido Cannetti became the country's first martial artist to be paid his entire salary in stablecoins. This move was in response to the increasing inflation rates in Argentina, which are predicted to reach 100 percent by next year. Cannetti stated that he wanted to protect his earnings from the volatility and devaluation of the local currency by receiving payment in USD Coin (USDC) stablecoin. This decision may have been prompted by a survey from Americas Market Intelligence, which found that 51 percent of Argentine consumers have bought cryptocurrencies with the main purpose of protection against inflation.
With stablecoin prices surging in the wake of Argentina's economy minister's resignation, Cannetti's decision to be paid in USDC may prove to be a wise one. As inflation rates in the country continue to rise, more and more Argentinians are likely to turn to cryptocurrencies as a way to safeguard their savings. As Cannetti has shown, stablecoins can be a powerful tool in fighting against inflation.
Wanderlei César da Silva is a Brazilian-American former mixed martial artist who competed in Japan's Pride Fighting Championships and the American-based Ultimate Fighting Championship (UFC). He holds the record for the most wins, knockouts, title defenses and longest winning streak in PRIDE history. He is the former PRIDE Middleweight Champion and the 2003 PRIDE Middleweight Grand Prix Tournament Champion. He most recently competed for Bellator MMA in the light heavyweight and heavyweight divisions.
Silva was famous for his brawling, relentless style of Muay Thai, which was described as being "feral" and carrying "a terrifying ferocity". His main strength was his offensive striking and use of hooks, soccer kicks and stomps. Silva was also willing to absorb counters in order to continue landing his own hits. He was also dangerous in the clinch, utilizing an onslaught of short hooks and knee strikes. Silva was also known for his use of headbutts when the rules allowed.
Read more on CoinTelegraph.
With stablecoin prices surging in the wake of Argentina's economy minister's resignation, Cannetti's decision to be paid in USDC may prove to be a wise one. As inflation rates in the country continue to rise, more and more Argentinians are likely to turn to cryptocurrencies as a way to safeguard their savings. As Cannetti has shown, stablecoins can be a powerful tool in fighting against inflation.Wanderlei César da Silva is a Brazilian-American former mixed martial artist who competed in Japan's Pride Fighting Championships and the American-based Ultimate Fighting Championship (UFC). He holds the record for the most wins, knockouts, title defenses and longest winning streak in PRIDE history. He is the former PRIDE Middleweight Champion and the 2003 PRIDE Middleweight Grand Prix Tournament Champion. He most recently competed for Bellator MMA in the light heavyweight and heavyweight divisions.
Silva was famous for his brawling, relentless style of Muay Thai, which was described as being "feral" and carrying "a terrifying ferocity". His main strength was his offensive striking and use of hooks, soccer kicks and stomps. Silva was also willing to absorb counters in order to continue landing his own hits. He was also dangerous in the clinch, utilizing an onslaught of short hooks and knee strikes. Silva was also known for his use of headbutts when the rules allowed.
Read more on CoinTelegraph.