Ripio Launches Peso-Backed Stablecoin for Faster Cross-Border Payments

Latin American cryptocurrency exchange Ripio has launched wARS, a stablecoin backed by the Argentine peso. This token is now available on Ethereum and Coinbase’s Base, expanding access to faster, cheaper cross-border payments without relying on US dollars or traditional banks. The move aims to integrate local currencies into blockchain networks for easier transactions, offering a potential solution for cross-border settlements in Latin America. Ripio plans to issue similar tokens for other regional currencies to create an interoperable system of stablecoins across South America.