Coinbase and Gennius to Offer ONED Stablecoin Access via Latin American Banks

The notable part is the distribution channel, not the stablecoin: routing access through existing banks gives regulated deposit rails a direct path into tokenized dollars, which matters more for adoption than another exchange listing. Latin American banking partners effectively become on-ramps, putting them in competition with local crypto-native services. Whether other banks in the region follow, and how regulators treat deposit-to-token conversion, is the open question.