Argentinian Ultimate Fighting Championship (UFC) fighter Guido Cannetti, has reportedly become the first martial arts athlete in the country to have all of his salary paid in USDC stablecoin. Cannetti explained his decision in a statement released by a crypto payroll company called Bitwage, saying that the payment method is safer for his future and could protect him against fluctuation and devaluation of the local currency. The official government figures revealed that the country has recorded a 78.5% inflation rate in the 12 months through August. The high inflation rate is reportedly the main reason for people to purchase cryptocurrencies in the country, which accounted for 51% of the population.

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