Circle and BIND Group Partner to Bring Institutional USDC Access to Argentina
Circle, the company behind the USDC stablecoin, announced a strategic alliance with BIND Group, a major Argentine financial services conglomerate, to provide institutional access to USDC liquidity in Argentina.
Through this partnership, BIND Group’s regulated virtual asset service provider (VASP) BEN will offer USDC-based services, including payments, treasury management, and digital asset transfers, in compliance with national standards. BIND Group, with over $2 billion in total assets, is centered around BIND Banco Industrial, which serves institutions and companies.
This move positions BIND Group at the forefront of digital asset infrastructure in Argentina, as the Central Bank is reportedly considering lifting a ban on banks offering crypto-based services. Andrés Meta, Vice President at BIND, emphasized that expanding institutional access to USDC is a significant step for Argentina’s digital asset ecosystem, providing businesses with transparent and secure access to digital dollar infrastructure.
Circle CEO Jeremy Allaire noted that Argentina has become a much more attractive destination for foreign investment compared to two years ago, highlighting the country’s importance for Circle’s Latin American expansion. Argentina stands out in the region with USDC accounting for 46% of all stablecoin volumes, rivaling USDT’s dominance in other Latam markets, as reported by Oobit.