Latin American crypto exchange Ripio, with over 25 million users, has launched wARS, a stablecoin pegged to the Argentine peso. The token is live on Ethereum, Base, and World Chain, enabling global transfers without banks or USD conversion. Ripio plans to issue similar stablecoins for other Latin American currencies to boost regional cross-border payments.https://t.co/zAcAtP3BsP ...

The Argentine peso is under assault again, forcing the government to intervene to keep it from slumping just days after a show of US support boosted the country’s assets. https://t.co/FacTwqTB7H ...

Geopolitical Priorities & US Foreign Policy - The US President is expected to address the United Nations, likely reiterating his stance against globalist institutions [1][2] - The President will likely address the recognition of Palestinian statehood by some major allies, a move the US does not support [3][4] - Discussions on Russia and Ukraine, as well as Iran's nuclear issues, are expected to be central topics [5][7] - The President is scheduled to meet with Ukrainian President Zelenskyy in a bilateral meeting [6] - The President aims to persuade European countries to cease purchasing Russian oil [7] Argentina & Currency Stabilization - The US Treasury Secretary announced support to prevent a currency run in Argentina [10][11] - The Treasury Secretary indicated the use of every tool at his disposal to stabilize the Argentine peso [11] - The US has a stabilization fund, dating back to the 1930s, that can be used in such situations [12] - The US aims to support Argentina's free market experiment and prevent the return of a socialist government [13][14]

Currency Weakening - Argentine peso is weakening despite $1.6 billion in dollar sales from agricultural exporters [1] Political and Economic Context - Midterm elections are looming, traders are bracing for a continued slide of the peso [1]