IN CASE YOU MISSED IT 👀| The new stablecoin $wARs focuses on the accelerated adoption of crypto-assets pegged to the $ARS 🇦🇷📊

The exchange Ripio introduced $wARs, a digital asset with a 1:1 parity with the Argentine peso ($ARS). This issuance responds to the need for more efficient payment tools, given the local economic dynamics.

ASSET ANALYSIS 🔎

🪙 The purpose of the asset is not to replace physical money but to complement financial operations and online payments. It functions as a backed token that seeks to simplify transactions.

🔗 $wARs operates on the Ethereum, World Chain, and Base networks.

🤝 It joins other local stablecoins ($ARZ, $ARST), competing for a regional standard for remittances and payments.

MACRO CONTEXT 🌍

🌍 The emergence of these assets demonstrates the growing demand from the population for tools of value preservation and mobility, without challenging the legal status of the peso.

📈 Argentina records a high adoption of stablecoins in Latin America, with a 61.8% participation.

💰 The global market for these cryptocurrencies moved over 27 trillion USD in 2024.