DIA partnered with Twin Finance and DAMM Capital to bring Latin American currencies to the blockchain with price oracle infrastructure capable of reflecting the real and executable exchange rates of the region.
The goal of the alliance is to solve typical problems in markets like Argentina or Bolivia, where the official exchange rate and the price at which someone can effectively trade differ substantially, and a lending protocol needs the latter, not the former.
Twin Finance issues stablecoins with full backing in local currency for seven countries in the region, including ARGt for the Argentine peso and BRAt for the Brazilian real. DAMM Capital, a Buenos Aires-based onchain asset manager, administers lending markets on Morpho that accept those tokens as collateral.
DIA provides the price oracles that underpin the entire structure, built from exchanges with executable bilateral markets such as Belo, and validated through independent guardians that cross-reference with platforms like Binance and Coinbase.
When sources diverge above an agreed threshold, DIA’s oracle retains its last valid value instead of propagating a broken price toward a liquidation. According to Chainalysis, the region recorded around $1.5 trillion in crypto volume between July 2022 and June 2025, with stablecoins dominating pairs in pesos, reais, and Colombian pesos.
Source:Â https://www.diadata.org/blog/post/twin-finance-damm-capital-latin-american-currencies-onchain/
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