Circle and Argentine financial group BIND have struck a deal to open institutional access to USDC through BIND’s digital assets platform, giving corporations and financial intermediaries a regulated on-ramp to dollar-denominated stablecoins in a country where the peso has essentially disintegrated.
The partnership, announced on July 14 during Circle CEO Jeremy Allaire’s visit to Buenos Aires, will channel USDC access through BEN, BIND’s digital assets platform, on a peer-to-peer basis. BIND operates as a registered virtual asset service provider (known locally as a PSAV), which means it’s a licensed financial institution building rails for companies that need dollar exposure but face a currency that has lost 99.8% of its value against the USD since 2009.
What the deal actually looks like
BEN will serve as the infrastructure layer connecting eligible Argentine institutions to USDC, covering payments, treasury operations, and broader digital asset transactions, all wrapped in a compliance framework that BIND is keen to emphasize.
“Through BEN, we seek to provide companies with transparent, secure, and efficient access to digital dollar infrastructure within a framework designed to support regulatory compliance and operational integrity,” said Andrés Meta, a Grupo BIND shareholder.
