A LatAm telecom operator is putting part of its finances on Avalanche
Why now
Thesis: Stablecoin settlement on Avalanche shows real-world adoption
Catalyst to watch: Disclosure of deal size or revenue impact
Main risk: Undisclosed scale limits AVAX price impact
Why it matters
A telecom operator using stablecoins for settlement and dollar reserves shows incremental real-world stablecoin adoption on a specific chain, but the deal size and revenue impact are undisclosed, so it is not a material driver for AVAX near term.
Details
Founded by former IBM Blockchain partner Jules Miller, Iris is helping Bolivia's VIVA use stablecoins for settlement, dollar reserves and new financial services without replacing its existing telecom systems.
Sources
- coindesk · 2026-09-16 14:00 UTC