Argentine cryptocurrency exchange Ripio is making significant investments in local currency stablecoins and tokenized bond offerings. The company has introduced several fiat-backed stablecoins, including wARS, wBRL, and wMXN, pegged to the Argentine peso, Brazilian real, and Mexican peso, respectively. Additionally, Ripio has launched a tokenized version of Argentina's sovereign bond, AL30.
Ripio's CEO, Sebastián Serrano, forecasts that the next decade will be dominated by stablecoins, as the cryptocurrency market stabilizes by 2026. The company is shifting from a retail exchange to a B2B infrastructure provider, targeting banks, fintech firms, and platforms like Mercado Libre. Serrano highlighted the importance of local stablecoins in advancing DeFi lending in Latin America, aiming to manage $100 million in assets by 2026.
Ripio Invests in Local Stablecoins, Predicts 'Era of Stablecoins'
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