Vesseo is a wallet app built on Stellar by Sunship, Inc. (an SDF subsidiary) that enables Argentines to quickly and cheaply purchase and hold USDC to protect against peso devaluation. The app leverages Stellar's fast settlement, low fees, and asset issuance capabilities to provide a simple alternative to traditional dollar-holding methods.
Vesseo addresses Argentina's chronic inflation crisis by offering a mobile wallet that allows users to convert Argentine pesos to USDC stablecoins with minimal friction. Built on the Stellar network by a team at Sunship, Inc., a subsidiary of the Stellar Development Foundation, Vesseo integrates with anchors like Settle and Circle to provide seamless on/off-ramps between fiat and digital currencies. The app leverages Stellar's core strengths: transactions settle in seconds (critical when peso value can drop daily), transaction fees are sponsored by Vesseo and cost less than a fraction of a cent, and the user experience is simplified through Stellar's compliance tools and APIs. Users can exchange between ARST, USDC, and back to pesos in their bank account within one business day, protecting their wealth from devaluation without limits or restrictions. Vesseo plans to expand into additional markets like Mexico as more anchors join the Stellar network.
