Circle partners with Allaria to boost USDC liquidity in Argentina

Circle is doubling down on Argentina. On October 20, 2026, the USDC issuer announced a strategic partnership with Allaria, a local capital markets firm, to deepen USDC liquidity and widen institutional access in the country. What the Allaria deal actually does At the center of the agreement is two-sided USDC/ARS quoting across local markets. That means Allaria will stand ready to both buy and sell USDC against the Argentine peso, posting prices on each side of the trade. The service is aimed at eligible participants rather than the general public. So this is plumbing for institutions and qualified players, not a retail app launch. Allaria is not a newcomer looking for a crypto pivot. The firm is a leading Argentine securities house with more than 55 years of experience, offering brokerage and asset management services. Circle’s second Argentine move this year The Allaria tie-up is not Circle’s first local partnership in 2026. In July, the company teamed up with Grupo BIND to open institutional access to USDC through BIND’s BEN platform. That earlier deal targeted payments and treasury management for institutions, operating under Argentina’s PSAV licensing regime for virtual asset s...