Argentina’s Ripio Rolls Out Peso-Pegged Stablecoin ‘wARS’ Amid Rising Demand for Digital Assets

Ripio Rolls Out Argentine Peso Stablecoin ‘wARS’ as Tokenization Push Accelerates

Latin American crypto exchange Ripio has launched a new stablecoin backed by the Argentine peso, expanding its efforts to bridge traditional finance with blockchain technology.

The stablecoin, known as wARS, is now available on Ethereum, Coinbase’s Base, and World Chain, according to La Nación. The rollout follows Ripio’s earlier debut of a tokenized sovereign bond, part of its strategy to bring real-world assets (RWAs) onto decentralized platforms.

With over 25 million users, Ripio says wARS will enable users to transfer and hold pesos digitally, bypassing banks and U.S. dollar conversions. The move comes amid President Javier Milei’s ongoing economic overhaul, which has seen Argentina’s inflation fall sharply from 292% in April 2024 to 31.8% today.

The company plans to issue similar stablecoins for other Latin American currencies, potentially streamlining cross-border payments across the region.

Stablecoins have gained significant popularity in Argentina and Brazil, where inflation and currency restrictions have driven demand for digital assets as a reliable store of value.

With wARS, Ripio strengthens its position at the forefront of asset tokenization, advancing the integration of fiat currencies and blockchain-based financial infrastructure across Latin America.