Allaria Partners With Circle to Expand USDC Trading in Argentina

Allaria S.A., an Argentine capital markets firm, has partnered with Circle, an issuer of $USDC, to expand access to the stablecoin in Argentina. The partnership aims to improve liquidity and make it easier for institutions to buy and sell $USDC in the local market.

Under the agreement, Allaria Digital will provide eligible participants with direct access to $USDC, subject to regulatory requirements. Allaria will also offer $USDC/ARS buy and sell quotes, connecting the stablecoin with the Argentine peso through its existing trading infrastructure.

Allaria ranks first among Argentine brokerage firms by trading volume in equities and fixed income on BYMA. The company also develops its own algorithmic trading technology and acts as a market maker in Argentina and Brazil. These capabilities will support liquidity on both sides of the $USDC/ARS market.

Image: Magnific