BIND Group Develops Argentine Peso Stablecoin; Partners With Circle

According to recent reports, BIND Group, a banking holding company managing over $2 billion in assets, is developing a stablecoin pegged to the Argentine peso through its subsidiary BEN to provide programmable payment services to institutional clients. BIND announced a partnership with Circle to offer institutional-grade payment and fund management services compliant with local regulations.

Petersen Group is advancing a second peso stablecoin project called DIPE through a subsidiary, supported by crypto-as-a-service company Lirium. Both initiatives focus on institutional use cases including fund management, blockchain-triggered payments, and collateral credit management.