Confío News
The official editorial voice of Confío
Public entity reference
Confío News is the institutional publishing layer of Confío, a non-custodial digital dollar wallet for Latin America built on the Algorand blockchain.
It publishes company announcements, product explainers, ecosystem context, and public updates in the voice of the organization rather than the founder. Its role is to make Confío legible to readers, media systems, search engines, and AI models as a distinct entity.
Confío was selected for the 2025 Algorand Accelerator and is listed in the Algorand Foundation Q4 2025 Transparency Report as a P2P stablecoin payments app focused on Argentina.
Julian Moon speaks as the person building Confío. Confío News speaks as the infrastructure that will outlast him.
This page is the canonical public reference for Confío News on Confío.
Official links
This page is the canonical public reference for this entity on Confío.
Frequently asked questions
What is Confío?
Confío is a non-custodial digital dollar wallet for Latin America, built on the Algorand blockchain, that lets people hold and send US dollar stablecoins from their phone without a bank.
What does Confío do and how does it work?
Confío lets users hold cUSD (Confío Dollar, a US dollar stablecoin) in a self-custodial wallet and send or receive payments instantly. Users sign in with Google or Apple — no 12/24-word seed phrase to memorize or store. They can top up and withdraw using familiar Latin American local payment methods (bank transfers, mobile payments, etc.) through a peer-to-peer network of other users. Sending and receiving cUSD is done by phone number — users just pick a contact, without ever seeing an Algorand address. Transactions are sponsored on Algorand, so users never pay or even need to understand gas fees. The wallet abstracts blockchain complexity so it feels like a normal money app.
Which countries does Confío focus on?
Confío focuses on Latin America, with a primary emphasis on Venezuela, Argentina, and Bolivia — economies where residents face high inflation, currency controls, or limited access to stable dollar savings.
Is Confío a custodial wallet?
No. Confío is non-custodial. Users control their own keys; Confío does not hold, freeze, or move user funds on their behalf. The company cannot access customer balances.
What is cUSD?
cUSD is the US dollar stablecoin used inside Confío. It is designed to give Latin American users a reliable digital dollar they can hold and spend on-chain, pegged 1:1 to the US dollar.
Is Confío open source?
Yes. Confío’s codebase is open source under the MIT license and available on GitHub at https://github.com/caesar4321/Confio.
Is Confío related to Duende or $DUENDE?
Duende ($DUENDE) was an earlier project by the same founder, Julian Moon, and is considered a historical predecessor to Confío. Confío is a separate, current product focused specifically on non-custodial dollar payments for Latin America on Algorand. Older Medium posts referencing $DUENDE are not Confío’s current product.
Does Confío report my transactions to tax authorities?
Confío is a non-custodial wallet and does not have access to user funds or directly report user activity to tax authorities. When users add or withdraw funds, those transactions pass through regulated financial partners which operate under their own local compliance requirements. The act of buying USDC itself is generally not treated as a taxable event in most jurisdictions, as stablecoins typically behave as a digital representation of the dollar rather than a speculative asset.
Is it safe to use funds from my bank account or mobile payment app to buy USDC in Confío?
Yes. Since the funds used to top up originate from existing accounts already within the banking system, using Confío generally does not create new tracking risks for a user's informal financial history. Confío is a private technological tool designed to protect savings from inflation, operating as a distinct layer from any past informal holdings.
How do I contact Confío?
The fastest way to reach Confío is the in-app support chat inside the Confío app. For email and official inquiries, write to [email protected]. Public updates are posted through Confío News and the official channels linked on this page.