Svmuu News: Circle has formed a strategic alliance with the Argentine financial services group BIND Group to provide Argentine businesses with access to USDC liquidity through BEN, BIND’s licensed virtual asset service provider.
BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, serves institutions and businesses. BEN will operate in accordance with Argentine regulatory requirements, supporting use cases such as payments, cash management, and digital asset transfers.
Andrés Meta, Vice President of BIND, stated that expanding institutional access to USDC is a significant step for Argentina’s digital asset ecosystem. Jeremy Allaire, CEO of Circle, noted that Argentina has become a more attractive destination for foreign investment.
Argentina is one of the few markets in Latin America where USDC adoption levels are on par with those of USDT. Oobit, supported by Tether, disclosed that transactions completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.