XFX is a startup specializing in forex trading that supports stablecoin transactions. Recently, it completed a $17 million Series A funding round led by Castle Island Ventures, aiming to improve the efficiency of fiat currency and stablecoin exchanges. Currently, XFX allows customers to exchange among various stablecoins, US dollars, Mexican pesos, and Colombian pesos.

Argentine cryptocurrency exchange Lemon has launched a Bitcoin-backed Visa credit card, allowing users to lock in 0.01 Bitcoin to obtain a credit limit of 1 million pesos. In the future, the product will enable adjustments to collateral and credit limits, supporting settlement with stablecoins.

On January 15, news reports indicate that Argentina is accelerating the integration of cryptocurrencies into its domestic daily financial system. Against the backdrop of high inflation, continuous currency devaluation, and high banking credit thresholds, local residents' demand for the practical financial use of digital assets such as Bitcoin continues to rise. Crypto financial platform Lemon recently launched a Bitcoin collateralized credit card program in Argentina, allowing users to use Bitcoin as collateral to directly obtain credit limits denominated in Argentine pesos, which can be used for offline and online purchases via the Visa network. Unlike traditional "spend and sell" crypto card models, this scheme does not require users to sell Bitcoin, thereby preserving its long-term value storage property.

Argentine police have uncovered a criminal network involved in document forgery, lending, and cryptocurrency transactions, with a total amount exceeding 1.8 trillion Argentine pesos (approximately $120 billion USD). Most victims are agricultural and industrial enterprises. The police conducted searches at multiple locations and arrested several suspects.

ChainCatcher reports that, according to CriptoNoticias, Argentine authorities have successfully dismantled a large-scale fraud and money laundering case involving cryptocurrencies, with the amount involved exceeding 1.8 trillion Argentine pesos (approximately $1.2 billion USD). The main victims are agricultural enterprises. The criminal organization opened accounts at banks by forging documents, obtained loans, and immediately transferred the funds to cryptocurrency trading platforms, then converted them into virtual assets and transferred them into digital wallets. To conceal their tracks, the organization used third-party personnel to simulate cryptocurrency arbitrage transactions. Investigations show that the involved individuals were not registered in the virtual asset service provider registration system required by the Argentine National Securities Commission. The operation was jointly executed by the Argentine National Security Department and the Federal Police, with 8 searches conducted, 3 men arrested, and 2 others notified. During the operation, cash, mobile phones, and storage devices were seized.