Inside the Trump team's secret talks to rescue Argentina-with the help of the 'Money Doctor' who wants to stop the 'pink tide' sweeping Latin America | Fortune
The Trump administration is seriously considering dollarizing Argentina's economy to stabilize it and shore up President Javier Milei's reforms.
Milei urges Argentines to bank 'mattress dollars' DW 06/15/2025
Milei's austerity measures significantly reduced inflation but economic hardship persists, prompting new proposals to coax hidden dollars into the economy.
Argentinian banks pilot JPM Coin for interbank settlements, while compliance regulations tighten around stablecoins and dollarization plans face public resistance.
Inside the Trump team's secret talks to rescue Argentina-with the help of the 'Money Doctor' who wants to stop the 'pink tide' sweeping Latin America | Fortune
Make the Dollar Great Again': Trump pushes for a new dollarization
The U.S. administration is actively reinforcing dollar dominance through promotion of dollar-pegged stablecoins and diplomatic efforts to encourage dollar adoption abroad.