Argentine Peso

Argentina's peso is one of the world's most inflation-prone currencies, and wARS puts it onchain for people who nonetheless need to hold or move it. Launched in November 2025 by Ripio, a Latin American crypto platform operating since 2013, the token is fully collateralized one-to-one by pesos held at regulated institutions and can be minted or redeemed through Ripio's infrastructure. It belongs to a wFiat family that also covers the Brazilian real, Mexican peso and other regional currencies, aimed at cross-border payments that skip the dollar. Verified holders can redeem at par with the issuer rather than trading only on the open market. Ripio's subsidiary carries an Argentine virtual-asset registration for anti-money-laundering purposes, but wARS is not legal tender and sits under no dedicated stablecoin license. It runs as an ERC-20 across six EVM chains, including Ethereum, Base and Polygon.