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Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin 'wARS'
The launch follows Ripio's previous release of a tokenized sovereign bond and is part of a broader push to bring real-world assets onto blockchain rails.
Nov 1, 2025, 4:17 p.m.
What to know:
- Ripio, a Latin American crypto exchange, has launched a new stablecoin called wARS, pegged to the Argentine peso.
- The peso-backed token enables users to send and receive funds globally without banks or converting to US dollars, and could facilitate cross-border payments in local currencies across Latin America.
- The launch follows Ripio's previous release of a tokenized sovereign bond and is part of a broader push to bring real-world assets onto blockchain rails.
Ripio, a Latin American crypto exchange with more than 25 million users, has launched a new stablecoin pegged to the Argentine peso.
The token, called wARS, is now live on Ethereum, Coinbase's Base, and World Chain, local news outlet La Nacion reports.
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The peso-backed token allows users to send and receive funds around the world, at any time, without using banks or converting to U.S. dollars. Its launch comes as Javier Milei’s government brought inflation in the country down from 292% in April of last year to now stand at 31.8%.
Ripio says it plans to launch similar stablecoins for other Latin American currencies. That could eventually allow cross-border payments in local money across the region, something today usually requires U.S. dollars or costly intermediaries.
Stablecoins are already popular in Argentina and Brazil, where inflation and tight currency controls push people to seek more stable stores of value.
The launch of wARS follows Ripio’s earlier release of a tokenized version of a sovereign bond, and adds to the broader push toward bringing real-world assets like fiat currencies and securities onto blockchain rails.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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