Twin Finance and DAMM Capital Bring Latin American Currencies Onchain with DIA Price Oracles
DIA price oracles power Twin Finance’s LATAM stablecoins and DAMM Capital’s Morpho lending markets, priced at real executable exchange rates.
In Argentina, a peso’s value depends on where you trade it: the rate at the bank, and the rate at the door of a cueva. Under capital controls the two have pulled tens of percent apart. Bolivia fixes its boliviano against the dollar, but the rate at which anyone can actually get dollars runs through Binance P2P and the local market.
When a currency is used as collateral onchain, the system has to choose which of those numbers is real, and it has to choose the one a borrower can actually transact at. That is the problem DIA, Twin Finance, and DAMM Capital are building against.
Twin Finance issues fully backed local-currency stablecoins for Latin America: ARGt for the Argentine peso, BRAt for the Brazilian real, BOLt for the boliviano, and MEXt, COLt, PERt, and CHLt for the Mexican, Colombian, Peruvian, and Chilean currencies. DAMM Capital, the Buenos Aires onchain asset manager, curates lending markets on Morpho that lend against those tokens. DIA provides the price oracles underneath.
Stablecoins already carry Latin America's dollars
According to Chainalysis, Latin America recorded roughly $1.5 trillion in crypto volume between July 2022 and June 2025, and stablecoins dominate its fiat pairs: more than half of on-exchange buying in COP, ARS and BRL goes into stablecoins, and stablecoin-related flows run above 60 percent of Argentina’s crypto volume. People in the region use stablecoins to hold dollars against inflation and capital controls.
The DIA team gives us the flexibility, robustness, and speed we need to iterate and build institutional-grade, resilient oracle infrastructure that reflects the real economics of emerging markets.Juan SamitierCo-Founder of DAMM Capital
Which exchange rate is the real one?
ARGt is the only token with meaningful circulation in the set, and the rest held supplies below $100,000 as of August 2026. Onchain order books for these pairs are thin. A feed built on a thin pool turns a handful of orders into a price, and one stale or manipulated print can trigger a wrongful liquidation.
The feed has to be built from where the currency is actually exchanged, then checked against outside references within a tight bound. DIA builds these pairs from venues such as Belo, a licensed Buenos Aires wallet and exchange whose buy-sell spread is a genuine executable two-sided market, and validates them against guardians, independent cross-checks against references such as Binance and Coinbase.
When the sources disagree beyond the agreed threshold, DIA’s feed holds its last good value, so a broken price never reaches a liquidation.
A liquidation runs on the price it reads
Morpho markets are isolated, so each LATAM currency carries its own risk profile, and DAMM’s vault allocates across them. DIA price oracles power those markets. DAMM plays the Curator and Allocator role: it sets the markets, the caps, and how capital moves.
Under that structure, collateral value, borrow limits, and liquidations all resolve against one feed. A feed that is fresh but priced at an unexecutable reference rate is undercapitalized risk: the position looks healthier than it is, and the liquidation that eventually fires is already underwater. The guardian design exists to stop that specific failure, by refusing to propagate a price the independent checks do not corroborate.
The next step, the one this collaboration is about, is putting Latin America’s stablecoin flows to work as lending collateral.
