Nexo has officially launched in Argentina, bringing a digital dollar savings product that promises up to 13% annual interest on stablecoins.
Key Takeaways
- Nexo launched in Argentina after acquiring Buenbit and setting up a regional hub in Buenos Aires.
- The platform offers up to 13% annual interest on USDT and USDC, with daily compounding.
- Nexo is also rolling out crypto backed credit, letting users borrow without selling Bitcoin or Ethereum.
- New users who deposit USD 1,000 or more within seven days can get Platinum loyalty status for one month.
What Happened?
Nexo, a global digital asset wealth platform with more than USD 8 billion in assets under management, has officially entered Argentina through its acquisition of Buenbit and the launch of a regional base in Buenos Aires. The company is positioning its offering as a high yield alternative to local fixed term deposits and mutual funds.
Nexo officially launches in Argentina.
— Nexo (@Nexo) March 5, 2026
The 21st-century time deposit arrives in a market that has long understood the value of saving in hard currency.
As the world’s second-largest crypto lender, we enter the market following our acquisition of @buenbit.
A New Pitch for Argentinians Saving in Dollars
Argentina has long had a strong culture of saving in hard currency, especially US dollars. Nexo is betting that the next step is not only holding dollars, but making them work. Its core product for this launch is a digital dollar savings option that uses stablecoins, crypto assets designed to track the value of the US dollar.
On the platform, users can earn up to 13% annual interest on stablecoins such as USDT and USDC, with daily interest accumulation. Nexo is framing this as a simpler way to earn yield, without the layered structures many users associate with traditional finance.
The yield levels also stand out against local market alternatives. The information shared around the launch compares Nexo returns with traditional instruments that typically deliver about 0.5% to 8% annually, depending on the product and conditions.
Credit Without Selling Bitcoin or Ethereum
Nexo is not only bringing savings tools. The company is also introducing credit products backed by digital assets. This setup allows users to use Bitcoin, Ethereum, and other cryptocurrencies as collateral to access liquidity, while keeping their long term market exposure instead of selling.
Nexo describes itself as the second largest crypto lender globally, behind only Tether, the issuer of USDT. The company is using this positioning to support its claim that it can deliver credit products at scale, while keeping risk management as a central message.
Federico Ogue, CEO of Buenbit by Nexo, highlighted why the company sees Argentina as a fit for these products:
Launch Incentive and Loyalty Push
To drive early adoption, Nexo is offering a limited time incentive tied to its loyalty program. Users who top up the equivalent of USD 1,000 or more within the first seven days of registration will receive Nexo Platinum status, the highest loyalty tier, for one month.
This perk is designed to pull new users into the ecosystem quickly, especially those already holding dollars or stablecoins and looking for yield.
Why Buenos Aires Matters for the Next Phase?
Nexo says it is combining global infrastructure with the local market knowledge of CNV licensed Buenbit. From its Buenos Aires hub, the company plans to accelerate expansion across Latin America, pointing to a period where credit activity is gradually recovering but remains below historical levels, while savers continue hunting for more efficient tools.
The company also stated it plans a formal return to the United States market in 2026, working with regulated partners and emphasizing compliance with local investment and lending frameworks.
CoinLaw’s Takeaway
I see this launch as a direct play on a very Argentine reality: people already think in dollars, but they are tired of watching their cash sit still. In my experience, the promise of daily yield on a dollar linked asset is exactly the kind of simple message that spreads fast, especially when traditional options feel slow or capped. That said, I found the most important part is not the headline rate, it is whether users fully understand stablecoin and platform risks before chasing returns. If Nexo can pair its yield pitch with clear education and solid safeguards, it could become a serious contender in how Argentinians save and borrow.
