[Ripio Launches Argentine Peso Stablecoin wARS to Promote Cross-Border Payments] November 3 news: Latin American cryptocurrency exchange Ripio has announced the issuance of a stablecoin wARS, pegged to the Argentine peso. wARS is based on Ethereum, Coinbase's Base, and the World Chain network, allowing users to transfer funds globally without relying on banks or converting to US dollars. This launch comes as the Argentine government has reduced the inflation rate from 292% in April last year to the current 31.8%. Ripio plans to launch stablecoins pegged to other Latin American currencies in the future to further facilitate cross-border payments in local currencies within the region. Stablecoins have become an important store of value in high-inflation countries such as Argentina and Brazil. The release of wARS continues Ripio's previous initiative of tokenizing sovereign bonds, aiming to integrate fiat currencies and real-world assets like securities through blockchain, thereby promoting broader blockchain applications.