Argentinian Province Misiones Plans to Issue Its Own Stablecoin!

Misiones to Issue Stablecoin

The Argentinian province of Misiones informed last week it plans to issue its own stablecoin. This is part of an economic plan that seeks to modernize the structure of the province through the implementation of blockchain and cryptocurrency technology. This plan, which is laid out in the Missionary Financial Innovation Program with Blockchain and Cryptocurrency Technology, a new law that was approved by deputies last week, also features the proposed digitalization of much of the work Misiones does today.

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Green Certificates

This blockchain initiative has a big green motivation. Another of the objectives of the law is to support the issuance of a “green bond” that would certify the ecological contributions that the province makes to the world. The certificate will be issued on top of the blockchain to certify in an unalterable way how much of the region’s carbon footprint is being absorbed by the Misiones jungle.

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