Nexo appoints ex-Binance exec to lead Argentina business and launches Nexo Card

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The post USD1 Stablecoin Explained: How It Works & Who Backs It appeared on BitcoinEthereumNews.com. World Liberty Financial’s USD1 has gone from a March 2025 launch announcement to the fourth-largest stablecoin in the world in roughly fifteen months, overtaking PayPal’s PYUSD and Sky’s DAI along the way. Its rise has been driven less by retail adoption than by a handful of enormous institutional deals — most notably a $2 billion settlement between Abu Dhabi-based MGX and Binance that was paid entirely in USD1 — and by the fact that the project sits inside a company co-founded by the Trump family. Here’s what USD1 actually is, how it works, and what to weigh before using it. Key Takeaways USD1 is a US dollar-pegged stablecoin issued by World Liberty Financial (WLFI) and custodied by BitGo Trust Company under a South Dakota trust charter Reserves consist of cash, short-term US Treasury bills, and government money market funds, verified through monthly AICPA-standard attestations and a l

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The post Nexo bets big on Argentina with crypto card launch and new country chief appeared on BitcoinEthereumNews.com. Nexo Card launches in Argentina with debit and credit modes for crypto users. Andres Ondarra will lead Nexo Argentina as General Manager from August 1. Buenos Aires is being positioned as Nexo’s regional hub for Latin America. Nexo has launched its crypto debit-and-credit card in Argentina, marking a deeper push into one of Latin America’s most active digital-asset markets and placing Buenos Aires at the centre of its regional expansion strategy. The launch comes alongside a leadership change, with Andres Ondarra appointed General Manager of Nexo Argentina. The company said the two developments mark the next stage of its growth in the country, where digital assets have become a mainstream part of wealth management for many users. Nexo described Argentina as a market where crypto adoption runs deeper than almost anywhere else, citing the highest share of digital-asset a

The post Nexo brings its dual-mode crypto card to Argentina and names Andres Ondarra as country head appeared on BitcoinEthereumNews.com. Nexo, a digital assets platform, has expanded into Argentina with the local launch of its Nexo Card, coinciding with the appointment of Andres Ondarra as General Manager of Nexo Argentina.  The moves position Buenos Aires as the company’s regional hub for Latin America, targeting a market where digital asset penetration ranks among the highest globally. The card gives holders two ways to use their crypto holdings without liquidating them: spending directly in debit mode, or borrowing against those assets as collateral in credit mode, with both functions accessible through a single interface. New cardholders receive 10% back on their first transaction, plus additional cashback and milestone rewards totalling up to $450 over the first three months, along with daily interest payments of up to 13% annually on idle in-app balances.  The card has received

The post Nexo debuts card in Argentina, names new GM as part of commitment to Buenos Aires as LATAM regional hub appeared on BitcoinEthereumNews.com. Nexo, the premier digital assets wealth platform, today launched the Nexo Card in Argentina, timed with the appointment of Andres Ondarra as General Manager, Nexo Argentina.  These two milestones mark the next stage of Nexo’s growth in a market where digital asset adoption runs deeper than almost anywhere else  — the highest share of any market surveyed. What is the Nexo Card? The Nexo Card lets clients spend digital assets directly in debit mode or borrow against them as collateral in credit mode, without selling — switching between the two in a single interface.  New clients get 10% back on their first swipe, plus additional cashback and milestone rewards worth up to $450 in total over their first three months as they earn up to 13% annual interest on idle in-app balances, paid daily.  The card has been recognized by the Digital Banker

The post Binance’s IO Listing Extends The Market’s Appetite For Decentralized Compute Narratives appeared on BitcoinEthereumNews.com. Binance’s IO Listing Extends The Market’s Appetite For Decentralized Compute Narratives Sign Up for Our Newsletter! For updates and exclusive offers enter your email. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/binance-s-io-listing-extends-the-market-s-appetite-for-decentralized-compute/