Argentina Halts peso Stablecoin argt, Classifies It as a Security
On March 13, 2026, Argentina’s securities regulator ordered a suspension of operations for argt, a peso‑pegged stablecoin issued by Twin Finance and traded on Belo, after concluding the token qualifies as a security. Regulators said argt must fall under the capital markets framework, noting the product had been marketed with returns of up to 32% APR. The halt is framed as an immediate enforcement measure and may affect trading, staking and yield programs tied to the coin.
The decision matters because it brings a high‑yield crypto instrument under traditional securities oversight, potentially triggering registration, disclosure and investor‑protection requirements. Twin Finance and Belo will likely need to engage regulators and adjust offerings to comply, and users could face delays or restrictions accessing funds. The ruling also raises the regulatory bar for other stablecoin issuers in Argentina and signals increased enforcement risk for platforms promoting tokenized returns.