Ripio issues stablecoins for six Latin American currencies... connects to local payment networks
Original headline리피오, 중남미 6개국 통화 스테이블코인 발행…현지 결제망 연결
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Ripio has begun issuing stablecoins pegged to the currencies of six Latin American countries—Argentina, Brazil, Colombia, Mexico, Chile, and Peru—according to co-founder and CEO Sebastian Serrano, who disclosed the launch in a November 9 interview with the Bankless X account. The Buenos Aires-based firm, which started in 2013 as a bitcoin wallet provider and has expanded across the region over the past five years, is leaning on local financial licenses and banking relationships in each country to support the tokens. The move matters because it links crypto rails to real-time local payment networks in markets where currency volatility and limited dollar access have driven strong stablecoin adoption. What to watch next is whether Ripio discloses circulating supply, reserve backing, and transaction volumes for each country's token, and whether the licensed bank connections translate into merchant and retail payment usage beyond trading.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Ripio, stablecoin, Sebastián Serrano, Argentina, Brazil