Argentina banned banks from crypto in 2022. Now two of the country's biggest banking groups are building peso stablecoins anyway — just not through their banks directly.
Grupo BIND is using a licensed VASP that partnered with Circle. Grupo Petersen launched DIPE, a 1:1 peso-backed stablecoin on $ETH mainnet.
This is the playbook now. Bans don't keep bank capital out of crypto. They just shift which legal entity holds it — and push risk into structures regulators understand even less.
You can't regulate away demand. You just decide where the money flows and who takes the compliance risk. Argentina is proving that again.
Grupo BIND is using a licensed VASP that partnered with Circle. Grupo Petersen launched DIPE, a 1:1 peso-backed stablecoin on $ETH mainnet.
This is the playbook now. Bans don't keep bank capital out of crypto. They just shift which legal entity holds it — and push risk into structures regulators understand even less.
You can't regulate away demand. You just decide where the money flows and who takes the compliance risk. Argentina is proving that again.