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Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin 'wARS'

Ripio, a prominent Latin American crypto exchange with over 25 million users, has debuted a stablecoin called wARS, pegged to the Argentine peso. This new token, now operational on Ethereum, Coinbase’s Base, and World Chain, allows users to transact globally without needing banks or converting currencies to U.S. dollars. Ripio's initiative comes amidst a significant reduction in Argentina's inflation rate from 292% to 31.8% due to government actions. The wARS stablecoin is part of Ripio’s broader strategy to tokenize real-world assets, including earlier releases like a tokenized sovereign bond. Additionally, the company plans to develop similar stablecoins for other Latin American currencies, aiming to streamline cross-border payments within the region and provide alternatives to using U.S. dollars, which are currently necessary for most transactions. This move reflects a rising demand for stablecoins in countries with high inflation and strict currency controls, such as Argentina and Brazil.

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Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Recent analysis indicates that November may be Bitcoin's strongest month, with an eye-catching average gain of 42.5% since 2013, although this number is skewed by a remarkable 449% spike in 2013. The median return for November is a more modest 9%, suggesting significant variation in performance across

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's recent performance in October known as 'Uptober' was disappointing, breaking a six-year trend where the month usually ends positively. Analysts observed that October closed down 8.5%. In contrast, November, dubbed 'Moonvember', has seen an average gain of approximately 42.5% since 2013,

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's performance in November has become a subject of discussion among analysts, particularly following a disappointing October. Analyst Lark Davis asserts November is Bitcoin's strongest month, averaging a 42.5% gain, though this figure is skewed by an extraordinary 449% increase in 2013. The median gain

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