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Coinbase, Gennius Bring ONED USD Stablecoin to LatAm Banks via Base
Drafted by the Descout wire deskHow this was made
Coinbase and Gennius are bringing the ONED USD stablecoin to Latin American banks, starting in Argentina, as announced by base on Oct. 9.
The initiative will deliver stablecoin payments, custody, and trading services directly within banking apps. Eligible customer deposits can be converted into ONED USD, issued through Coinbase Custom Stablecoins. Funds can be transferred 24/7 and spent via Visa, according to the @CoinbaseDev announcement.
Base is the Ethereum Layer-2 network built and incubated by Coinbase. This launch extends the network's push to embed onchain dollar-based assets into traditional financial rails, following other institutional and tokenization efforts on the chain.
No timeline was given for expansion beyond Argentina.
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