TREE NEWS update: Coinbase and Gennius are planning an Argentina-first initiative that would let customers convert eligible bank deposits into ONED USD and transfer the stablecoin around the clock, spending it through Visa. The plan links Latin American banks to stablecoin access, with the two firms positioning ONED USD as a bridge between deposits and round-the-clock digital transfers.
Coinbase, Gennius to Offer ONED Stablecoin Access via Latin American Banks
The notable element is distribution, not the token: routing stablecoin access through existing Latin American banks and a Visa spending rail positions ONED USD as deposit-adjacent infrastructure rather than a standalone crypto product. That matters most for banks and payment providers in the region, where currency instability has already pushed users toward dollar-denominated instruments. The open questions are whether eligible deposits and participating banks broaden beyond Argentina, and whether settlement and compliance arrangements hold up once transfers run outside banking hours.
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