Argentine peso holders can now buy USDC (a stablecoin: a digital token pegged to the US dollar at a fixed one-to-one ratio) without paying Mercuryo's standard purchase fees. Global payments infrastructure platform Mercuryo launched the offer alongside cryptocurrency exchange LBank, targeting users in Argentina. The fee dropped to zero. Mercuryo's, specifically.
What the offer covers
The waiver applies to USDC purchased with Argentine pesos. A fiat on-ramp is a service that converts local currency directly into a digital asset, and purchasing USDC through one typically carries a platform fee from the infrastructure provider handling the conversion. This offer removes Mercuryo's portion of that cost for buyers using Argentine pesos.
LBank is the exchange partner on the user-facing side of the arrangement. Mercuryo, which issued the announcement from London on July 16, 2026, describes itself as a global payments infrastructure platform.
What was announced versus what is only projected
The announcement specifies that Mercuryo's fees fall to zero. It does not address separate fees LBank may charge, blockchain network costs, or how long the offer remains in place. Buyers should confirm the full fee picture with both companies before transacting.
What the Argentina framing tells you
Mercuryo and LBank position this as an access initiative, the short version being that USDC is now cheaper to reach for Argentine peso holders. The release provides no user volume data, no comparison against prior fee levels, and no exchange rate context. What is on record: the offer is live as of July 16, 2026, it applies to ARS-denominated purchases of USDC, and the fee being waived belongs to Mercuryo.