“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.”, — write: www.coindesk.com
The token, called wARS, is now live on Ethereum, Coinbase’s Base, and World Chain, local news outlet La Nacion reports.
The peso-backed token allows users to send and receive funds around the world, at any time, without using banks or converting to US 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 US 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.
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
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Once envisioned as peer-to-peer cash, Bitcoin’s journey reflects both mainstream triumph and existential tension.
- Seventeen years after Satoshi Nakamoto’s white paper, Bitcoin has evolved from a digital experiment into a $2 trillion asset embraced by Wall Street and political leaders.
- Despite mainstream success, internal disputes, declining transaction fees, and looming quantum threats challenge Bitcoin’s original decentralized vision.
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