BOBC is a boliviano-pegged stablecoin project on Arbitrum, combining yield-bearing collateral with a simple QR payment app to bring local-currency payments and DeFi access to Bolivia
BOBC brings boliviano-denominated payments to Arbitrum. It is an overcollateralized stablecoin protocol designed to target 1 BOBC ≈ 1 Bolivian boliviano, connecting everyday payments in Bolivia with on-chain finance.
Users deposit crvUSD to mint BOBC against individual collateralized positions. The collateral earns lending yield through Curve LlamaLend, while redemption and liquidation mechanisms support the token’s target value. A custom Chainlink CRE workflow observes the boliviano’s parallel-market exchange rate using multiple sources and checks data freshness, liquidity, and price agreement.
The project includes a dashboard for managing borrowing positions and BOBC Pay, a mobile-first payment app with email onboarding, QR transfers, and redemption into crvUSD. Our goal is to make local-currency payments simple while giving users access to Arbitrum’s DeFi ecosystem.
Bolivia’s rapid growth in crypto usage makes it a compelling starting point for BOBC. The Central Bank reported that transaction volume tracked on Binance rose from $46.5 million in the first half of 2024 to $294 million in the same period of 2025, more than sixfold. It also identified stablecoins as a major driver of early growth, with digital assets supporting remittances, purchases, and payments