Argentina peso stablecoins take shape as BIND and Petersen advance projects

Argentina’s banking-backed groups have moved closer to launching peso stablecoins for businesses, introducing digital peso projects designed for programmable payments while the country’s banking sector remains barred from offering crypto services directly. Summary Two Argentine banking backed financial groups are developing peso stablecoins for institutional payments through separate crypto subsidiaries. The projects focus on programmable treasury payments, collateral management, and onchain settlement while banks remain barred from offering crypto services directly. BIND Group is building its stablecoin through BEN, while Petersen Group’s DIPE project has already published a whitepaper. The initiatives come as Argentina weighs easing banking restrictions on crypto services and stablecoin adoption continues to grow across Latin America. According to a report by Iproup, two financial holding groups with banking operations are developing Argentine peso-backed stablecoins through separate virtual asset subsidiaries, positioning the products for institutional users rather than retail customers. The projects are being advanced outside the banking entities themselves because the Argentin...