Circle partners with BIND Group to provide USDC access for Argentine institutions

Odaily reports that Circle has formed a strategic alliance with 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 of over $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and corporations. BEN will operate in accordance with Argentine regulations, supporting use cases such as payments, fund management, and digital asset transfers.

BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for Argentina's digital asset ecosystem. Circle CEO Jeremy Allaire commented that Argentina has become a more attractive destination for foreign investment.

Argentina is one of the few markets in Latin America where USDC adoption is approaching the level of USDT. Oobit, backed by Tether, disclosed that transactions using USDC by Argentine users account for 46% of the country’s total stablecoin trading volume.