Ripio introduces wARS, a digital version of the Argentine peso, aiming to build a regional network of stablecoins across Latin America.
Ripio Introduces wARS, the Argentine Digital Peso
Ripio, one of Argentina’s leading cryptocurrency exchanges with more than 25 million users, has officially launched its first digital peso stablecoin, wARS, as part of a broader initiative to develop a local stablecoin ecosystem in Latin America.
The company stated that wARS will be backed 1:1 with Argentine pesos, ensuring full parity between on-chain and fiat currency value. The token is now available on Ethereum, World Chain, and Base, allowing Argentines to trade, send, and receive digital pesos 24/7 — free from the limitations of traditional banking systems.
“We are creating a new standard for payments, remittances, and services on blockchain, with currencies that are part of the daily lives of millions of people,” said Sebastián Serrano, co-founder and CEO of Ripio.
Driving Blockchain Integration in Latin America
According to Ripio, the launch of wARS marks a milestone in Latin America’s digital financial transformation, enabling faster and more efficient transactions for individuals and businesses. The company said the digital peso can facilitate payments, remittances, and B2B settlements, all executed seamlessly through blockchain infrastructure.
Beyond Argentina, Ripio plans to roll out additional local stablecoins in other Latin American countries, each pegged to national currencies. This approach would simplify remittances and currency conversions, particularly for cross-border transactions between countries like Brazil and Argentina.
For instance, a user in Brazil could send funds in a future Brazilian real stablecoin, while the recipient in Argentina would receive wARS directly, with Ripio managing the conversion automatically on-chain.
Reducing Reliance on U.S.-Based Stablecoins
The launch also reflects a strategic shift away from dependence on U.S.-backed stablecoins such as USDT or USDC, which are often bound by foreign compliance frameworks that limit usability in regional markets. Ripio’s local stablecoin network is designed to operate within Latin America’s regulatory landscape, offering more autonomy and flexibility for users and businesses.
Industry observers suggest that Ripio’s initiative could mark the beginning of a fully digital, region-wide stablecoin system — one where each Latin American country manages its own blockchain-based currency. This system could eventually connect to similar frameworks under development in nations like Venezuela, accelerating financial inclusion and modernization across the continent.
By launching the digital peso, Ripio positions itself at the forefront of Latin America’s stablecoin revolution — blending technological innovation with regional financial independence.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.