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BEN is a blockchain education company dedicated to providing education and resources to students and graduates passionate about blockchain.
Managing over $2 billion in assets, BIND and other Argentine banking groups develop a peso-pegged stablecoin
Odaily News: BIND Group, a bank holding group managing over $2 billion in assets, is developing a stablecoin pegged to the Argentine peso through its virtual asset service provider BEN, offering programmable money services to institutions. BIND Group has also announced a partnership with Circle to provide institutional-grade payment and treasury management services for BEN clients that meet local regulatory requirements. Petersen Group is also advancing a second peso-pegged stablecoin initiative through a subsidiary, with support from crypto-as-a-service company Lirium. The product, named DIPE, has already published a whitepaper; Lirium provides related solutions for Banco Galicia and Brubank. The above projects are being pursued by companies supported by banking groups, rather than being directly offered by the banking groups themselves. The Central Bank of Argentina has prohibited private banks from offering crypto-related services to clients since May 2022. These products are primarily aimed at institutional use cases, including treasury management, payments triggered by on-chain events, and secured credit management. In March, Argentina's securities regulator classified the peso-pegged stablecoin ARGT as a security, noting that it had not been issued in compliance with regulations.
Circle Partners with BIND Group to Provide USDC Access to Argentine Institutions
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.
Gate has launched STONK, BEN, and ZCAT perpetual contract trading, trading bots, and copy trading
Odaily News - According to the official announcement, Gate has launched perpetual contract trading for STONK, BEN, and ZCAT, all supporting 1-10x leverage for both long and short positions, with trading bots and copy trading features simultaneously enabled.STONK is the platform token of StonkFun, a Solana token launchpad; BEN is an official character-style Meme token launched by Flap to showcase the "Stock Meme" product concept; ZCAT is a Zcash-themed Solana Meme token launched on StonkFun, featuring a cat with its face covered by a paper bag.
Managing over $2 billion in assets, BIND and other Argentine banking groups develop a peso-pegged stablecoin
Odaily News: BIND Group, a bank holding group managing over $2 billion in assets, is developing a stablecoin pegged to the Argentine peso through its virtual asset service provider BEN, offering programmable money services to institutions. BIND Group has also announced a partnership with Circle to provide institutional-grade payment and treasury management services for BEN clients that meet local regulatory requirements. Petersen Group is also advancing a second peso-pegged stablecoin initiative through a subsidiary, with support from crypto-as-a-service company Lirium. The product, named DIPE, has already published a whitepaper; Lirium provides related solutions for Banco Galicia and Brubank. The above projects are being pursued by companies supported by banking groups, rather than being directly offered by the banking groups themselves. The Central Bank of Argentina has prohibited private banks from offering crypto-related services to clients since May 2022. These products are primarily aimed at institutional use cases, including treasury management, payments triggered by on-chain events, and secured credit management. In March, Argentina's securities regulator classified the peso-pegged stablecoin ARGT as a security, noting that it had not been issued in compliance with regulations.
Circle Partners with BIND Group to Provide USDC Access to Argentine Institutions
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.
Related news
Gate Official Customer Service Responds: Incorrect Funding Rate on BEN Perpetual Contract Triggers 1000x Short Liquidations; Full Loss Compensation Provided to 200 Affected Accounts
On September 30 at 16:00 (UTC+8), while processing funding rates for the BEN contract, the Gate exchange erroneously confused the BEN stock and the BEN perpetual contract due to a naming conflict. It incorrectly issued a funding fee of 0.33 u to the BEN perpetual contract, which was priced at only 0.000585 u. This triggered a thousand-fold catastrophic liquidation for short positions, leaving some users' sub-accounts with a principal of 1,000 u but an outstanding debt to Gate exceeding 1,000,000 u. In response, Gate's official customer service stated: Regarding the BEN contract matter, we have completed an immediate investigation. An anomaly occurred during the funding rate processing for the BEN contract due to an asset identification issue stemming from identical names, affecting approximately 200 accounts. Immediate corrective actions were taken upon discovery, and the resulting balance display issues are being progressively resolved. Users will incur absolutely no losses, which will be fully covered by Gate. Should you have any questions, please do not hesitate to contact our customer service.
Gate has launched STONK, BEN, and ZCAT perpetual contract trading, trading bots, and copy trading
Odaily News - According to the official announcement, Gate has launched perpetual contract trading for STONK, BEN, and ZCAT, all supporting 1-10x leverage for both long and short positions, with trading bots and copy trading features simultaneously enabled.STONK is the platform token of StonkFun, a Solana token launchpad; BEN is an official character-style Meme token launched by Flap to showcase the "Stock Meme" product concept; ZCAT is a Zcash-themed Solana Meme token launched on StonkFun, featuring a cat with its face covered by a paper bag.
Managing over $2 billion in assets, BIND and other Argentine banking groups develop a peso-pegged stablecoin
Odaily News: BIND Group, a bank holding group managing over $2 billion in assets, is developing a stablecoin pegged to the Argentine peso through its virtual asset service provider BEN, offering programmable money services to institutions. BIND Group has also announced a partnership with Circle to provide institutional-grade payment and treasury management services for BEN clients that meet local regulatory requirements. Petersen Group is also advancing a second peso-pegged stablecoin initiative through a subsidiary, with support from crypto-as-a-service company Lirium. The product, named DIPE, has already published a whitepaper; Lirium provides related solutions for Banco Galicia and Brubank. The above projects are being pursued by companies supported by banking groups, rather than being directly offered by the banking groups themselves. The Central Bank of Argentina has prohibited private banks from offering crypto-related services to clients since May 2022. These products are primarily aimed at institutional use cases, including treasury management, payments triggered by on-chain events, and secured credit management. In March, Argentina's securities regulator classified the peso-pegged stablecoin ARGT as a security, noting that it had not been issued in compliance with regulations.
Circle Partners with BIND Group to Provide USDC Access to Argentine Institutions
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.