Ripio Launches wARS Peso Stablecoin on Ethereum & Base
Ripio has launched wARS, a stablecoin pegged to the Argentine peso, on Ethereum, Base and World Chain. The wARS stablecoin supports instant QR payments, cross-border transfers, remittances, business transactions and DeFi yields without relying on banks or converting to US dollars. Released amid Argentina’s inflation falling from 292% to 31.8%, wARS offers a stable store of value in high-inflation environments. Ripio plans additional fiat-backed stablecoins for other Latin American currencies, further driving regional cross-border payments. This move follows Ripio’s earlier tokenization of sovereign bonds and reflects the growing fiat-on-chain trend, with stablecoin volumes reaching $27 trillion globally in 2024 and Latin America leading adoption.
Neutral
This launch is unlikely to affect cryptocurrency prices directly. As a fiat-pegged stablecoin, wARS stablecoin is designed for stability rather than appreciation. While the initiative could boost demand for Ethereum to mint wARS and facilitate transfers, the impact on ETH’s price is expected to be modest. In the short term, traders may see increased on-chain activity on Ethereum and Base, but wARS’s peg mechanism limits volatility. Long term, Ripio’s expansion of fiat-backed stablecoins could support broader DeFi growth, yet stablecoin issuance typically exerts a neutral to marginally positive effect on native token markets rather than driving significant bullish or bearish trends.