Argentina's banking sector remains barred from offering crypto services directly, but two major financial groups are pushing forward with peso stablecoins tailored for businesses. BIND Group, managing over $2 billion in assets, is creating its stablecoin via its virtual asset branch BEN. Meanwhile, Petersen Group’s DIPE project has moved past planning, releasing its whitepaper with help from infrastructure provider Lirium.
Both initiatives aim to streamline corporate treasury functions programmable payments, collateral handling, and onchain settlements rather than targeting retail customers. These projects are developing outside traditional banks, which have faced restrictions by Argentina’s Central Bank since mid-2022.
Earlier this year, BEN partnered with Circle to offer institutional clients access to USDC, reflecting growing interest in digital currencies for treasury management under Argentina's regulatory framework. As stablecoin adoption accelerates across Latin America, these peso-backed digital tokens could reshape how Argentine institutions handle payments and liquidity.
This content is informational and not financial advice.
