Latin American cryptocurrency exchange Ripio has introduced a new stablecoin, wARS, pegged to the Argentine peso. The token is now available on Ethereum, Coinbase Base, and World Chain, facilitating global 24/7 fund transfers without the need for banks or USD conversion. This launch comes as Argentina's inflation rate has significantly decreased from 292% in April 2024 to 31.8%.
Ripio, which boasts over 25 million users, aims to expand its offerings by developing similar stablecoins for other regional currencies. This initiative is part of Ripio's strategy to enhance cross-border payments and broaden its real-world asset products.
Ripio Launches Argentine Peso Stablecoin wARS Amid Inflation Drop
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