Ripio Launches Peso-Backed Stablecoin wARS on Ethereum and Base, Expanding Stablecoin Lineup for Latin America

Ripio, a Latin American crypto exchange, has launched wARS, a peso-backed stablecoin on Ethereum, Coinbase's Base, and World Chain. The token aims to facilitate faster, cheaper payments without relying on US dollars or banks. Ripio plans to issue similar tokens for other regional currencies to create a cross-border settlement tool within Latin America. The move could help users bypass currency restrictions and remittance costs, expanding blockchain-based finance beyond dollar-backed tokens.