Circle partners with BIND Group to provide USDC access for Argentine institutions
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung increases investment in AI infrastructure! Invests 1 billion USD in Helix Digital, owned by KKR (KKR.US)
Several subsidiaries of Samsung Group have agreed to invest a total of $1 billion in Helix Digital, a U.S. company backed by private equity giant KKR, further expanding the Korean conglomerate's presence in the rapidly growing artificial intelligence infrastructure market.
More than 20 billions spent this year! Eli Lilly (LLY.US) CEO: We will target “white spaces” in pharmaceuticals and continue to pursue larger-scale mergers and acquisitions.
Eli Lilly CEO Dave Ricks stated that investors can expect the company to pursue larger-scale deals, as it is extensively searching for assets in the "white spaces" of the scientific field.
Is the “AI bank run” coming? Apollo warns: AI assistants may drain banks' cheap deposits, which will pose risks to the financial system
Torsten Slok, Chief Economist at Apollo Global Management, stated that if consumers begin to heavily rely on AI assistants such as Muse under Meta and transfer cash to higher-yielding accounts, it could pose risks to the financial system.
Crypto prices
More
