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.