Circle has partnered with Argentina's Grupo BIND to provide institutional access to USDC and expand liquidity for the dollar-denominated stablecoin paired against the Argentine peso.
Grupo BIND will integrate Circle's infrastructure into its BEN platform, a registered payments service provider (PSAV) under Argentine financial regulation. The integration allows institutional clients to settle payments and manage treasury operations using USDC, according to reporting from Argentine financial press.
Circle's stablecoin infrastructure has expanded across Latin America over the past two years as central banks and regulators in the region have begun drafting digital asset frameworks. Brazil's central bank launched its real-backed DREX pilot in 2023, and regulatory clarity around private stablecoins has lagged in most markets. Argentina, facing persistent currency instability and informal dollarization of its economy, has shown openness to blockchain-based financial infrastructure in lieu of formal policy.
Grupo BIND operates within Argentina's existing financial supervision regime as a PSAV, a category created to govern non-bank payment intermediaries. The BEN platform handles institutional transactions and custody. By embedding Circle's USDC rails, the platform can now offer clients direct access to a regulated, audited stablecoin without requiring offshore banking relationships.
Circle does not disclose transaction volumes or client counts by region. The company has licensed USDC issuance across multiple blockchain networks and maintains reserves in U.S. Treasury bills and cash equivalent to the total circulating supply. As of July 2026, USDC circulating supply stands at approximately 26 billion tokens across all chains.
The partnership does not require new Argentine legislation; USDC issuance and distribution through registered financial intermediaries operates within existing payment services regulation. Grupo BIND's status as a regulated PSAV permits it to hold and distribute digital assets to institutional clients.
