Cardano co-founder Charles Hoskinson recently brought a bold message to Buenos Aires, pushing for decentralization and suggesting that Argentina could remove the central bank.
During a tour that recharged an ideologically charged city, Hoskinson didn’t just see Argentina as another stop. He called it a symbol of the greater philosophical battle of the global crypto movement. According to a post on X’s LibertarianWeb, he said.
🇦🇷 @iohk_charles in Argentina: Freedom, Crypto, and the End of Central Bank
During his recent visit to Buenos Aires, Charles Hoskinson was the director of @cardano, the main voice of the blockchain space, delivering both provocative and visionary messages.
– Libertarian Times (@libertarianweb) May 21, 2025
Hoskinson’s speech comes when Argentina is upset under chronic inflation and currency instability.
It is a country where citizens already own around $100 billion in crypto assets, with a majority of national GDP of about $700 billion. This highlights the number of Argentinians looking for financial options outside the regular banking system.
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Calling for “private money”: Hoskinson proposes Ditch Central Bank in Argentina
For Hoskinson, this is more than economic statistics. It portends systematic change. “Five years later, you can have personal money,” he declared. However, his vision has controversial proposals. “We’ll just remove the central bank.”
Such proposals are extreme for most traditional economists, but often find receptive audiences in many parts of the crypto community. For Hoskinson, Argentina serves both as a warning about the failure of a centralized financial system and as a beacon of hope for what blockchain technology can offer. Investors who have lost faith in centralized companies have created a fertile basis for the adoption of blockchain.
Argentina, one of the global per capita crypto adoption rates, demonstrates an environment in which Cardano thrives its long-term mission of replacing trust with codes and centralized management with decentralized consent.
Stubcoin that provides privacy to mimic cash
Hoskinson’s ambitions are not limited to borders. Supported by Cardano’s growing ecosystem, he is focusing on a new frontier, a stable coin that intakes privacy. In a recent interview about Etoro’s conversation with Leaders Podcast, he highlighted the growing demand for digital cash that doesn’t track all transactions in the public ledger.
“Maybe every time people buy something, they don’t want to have a stub coin that everyone is tracking forever, anywhere.”
The Stablecoin market is currently valued at around $243 billion, but most of these coins work on public blockchains such as Ethereum and Solana, allowing you to openly track transaction history.
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In contrast, Hoskinson envisions a Stablecoin that mimics physical cash privacy. This is an idea that can redefine how people think about digital money and personal freedom.
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