Latin American Exchange Ripio Launches ‘wARS,’ a Stablecoin Pegged to the Argentine Peso

Ripio Launches Argentine Peso Stablecoin ‘wARS’ Amid Growing Demand for Digital Pesos

Latin America’s largest crypto exchange, Ripio, has unveiled a new stablecoin pegged to the Argentine peso, expanding its push to integrate real-world assets into blockchain-based finance.

The token, named wARS, is now available on Ethereum, Coinbase’s Base network, and World Chain, according to a report by La Nación. The launch follows Ripio’s earlier rollout of a tokenized sovereign bond, underscoring its broader effort to bridge traditional financial instruments with decentralized infrastructure.

With more than 25 million users, Ripio says wARS allows people to send, receive, and hold pesos on-chain, offering a low-cost and borderless alternative to traditional banking or U.S. dollar transfers. The rollout comes as President Javier Milei’s administration has dramatically reduced inflation — from 292% in April 2024 to 31.8% today — revitalizing interest in peso-denominated digital assets.

The company also plans to release similar stablecoins tied to other Latin American currencies, paving the way for cross-border payments in local denominations — a process that currently relies heavily on the U.S. dollar or costly intermediaries.

Stablecoins have become increasingly popular across Argentina and Brazil, where high inflation and tight currency controls have driven consumers and businesses toward digital assets as a more stable store of value.

By launching wARS, Ripio joins a growing list of platforms tokenizing real-world assets such as sovereign debt and fiat currencies, a trend reshaping how traditional financial systems interact with blockchain technology.

About The Author

ctleditor

See author's posts