Industry Innovation - Glim 和 OpenTrade_io 将使用稳定币 USD 为哥伦比亚的工资单提供动力，以对抗货币贬值 [1] - 该解决方案由 Avalanche 提供支持 [1] Financial Technology - 该技术旨在改善生活 [1]

Meanwhile, the first regulated life insurance company that operates entirely in bitcoin (BTC), said on Tuesday it has raised $82 million to scale its savings and retirement products that aim to protect against inflation and currency devaluation. The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Stillmark, the firm shared in a press release with CoinDesk. The raise follows a $40 million round in Ap ...

Core Insights - Argentine President Javier Milei faces a significant challenge with the overvaluation of the peso, which is seen as a key issue in addressing the ongoing currency crisis [1][2]. Currency Valuation - Barclays Plc suggests that the real effective exchange rate of the peso should be approximately 30% weaker to stimulate the economy, while StoneX and One618 estimate the excess valuation to be around 20% [2]. - Analysts agree that the peso needs to depreciate to correct its overvaluation, which has been a growing concern amid Argentina's history of devaluations and defaults [2][3]. Economic Impact - The strong peso has led to negative economic consequences, such as increased overseas shopping by Argentines and local meatpackers importing beef due to lower prices abroad [4]. - The economy is struggling, partly due to budget cuts implemented as part of Milei's fiscal austerity measures [4]. IMF Conditions - The International Monetary Fund (IMF) requires an annual current account surplus of about $10 billion, which would necessitate a peso exchange rate between 1,650 and 1,700 per dollar, compared to the current rate of 1,408 [5][6]. Market Reactions - The peso experienced a 3.8% increase recently, alongside gains in Argentine dollar bonds, ahead of a meeting between Milei and US President Donald Trump [7]. - Analysts believe that the peso remains overvalued, with a more logical exchange rate estimated between 1,500 and 1,600 pesos per dollar [8]. Political Considerations - There is skepticism about whether Milei will allow further depreciation of the peso before the midterm elections in October, especially following a recent electoral defeat [8]. - Post-elections, the government may need to address the currency's overvaluation, but political pressures could complicate this [9]. US Support - The Trump administration's support for Argentina could influence the peso's valuation, potentially making it more challenging to achieve necessary adjustments [9][10].