Circle has formed a strategic alliance with Argentine financial services group BIND Group to give businesses in Argentina access to USDC liquidity through BEN, BIND’s licensed virtual asset service provider. BIND Group has more than $2 billion in total assets, and its core banking entity, BIND Banco Industrial, focuses on institutional and corporate clients. According to the announcement, BEN will operate under Argentine regulatory requirements and support use cases including payments, treasury management, and digital asset transfers. The companies framed the deal as a step toward broader institutional use of stablecoins in the country. BIND Vice President Andrés Meta said wider institutional access to USDC marks an important step for Argentina’s digital asset ecosystem, while Circle CEO Jeremy Allaire said Argentina has become a more attractive destination for foreign investment. Argentina is also one of the few markets in Latin America where USDC adoption is close to USDT. Oobit, backed by Tether, said USDC transactions by Argentine users account for 46% of the country’s total stablecoin transaction volume.
Circle has entered a strategic alliance with Argentine financial services group BIND Group to provide businesses in Argentina with access to USDC liquidity through BEN, BIND’s licensed virtual asset service provider.
BEN to serve as the regulated access point
BIND Group has more than $2 billion in total assets. Its core banking entity, BIND Banco Industrial, serves institutional and corporate clients. Under the arrangement, BEN will operate in line with Argentine regulatory requirements and support payments, treasury management, and digital asset transfers.
Executives comment on the partnership
BIND Vice President Andrés Meta said expanding institutional access to USDC is an important step for Argentina’s digital asset ecosystem.
Circle CEO Jeremy Allaire said Argentina has become a more attractive destination for foreign investment.
Argentina’s stablecoin market
Argentina is one of the few markets in Latin America where USDC adoption is close to USDT. Oobit, which is backed by Tether, said transactions completed in USDC by users in Argentina account for 46% of the country’s total stablecoin transaction volume.
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