Coinbase and Gennius Plan Bank-Based ONED Access in Latin America
An initiative starting in Argentina would allow bank customers to convert eligible deposits into ONED USD, make round-the-clock transfers and spend via Visa.
Coinbase and Gennius are planning to make the ONED USD stablecoin available through banks in Latin America, with Argentina as the initial market, according to The Defiant.
The proposed service would enable customers to exchange qualifying bank deposits for ONED USD. Users would also be able to transfer the stablecoin at any time, rather than being limited to banking hours.
The initiative includes spending through Visa, linking the planned stablecoin access to card payments. The source summary did not specify a launch date or identify participating banks.
Source: The Defiant
