Argentine alternate Ripio is leaning in direction of native foreign money stablecoins and tokenized bonds, with CEO Sebastian Serrano predicting 2026 can be a “flattening” or downturn yr for cryptocurrencies, whereas predicting a decade-long increase for stablecoins.
Based in 2013, Ripio has transitioned from a pure retail alternate to a B2B infrastructure supplier serving banks, fintechs, and main platforms like Mercado Libre (Latin America’s reply to Amazon).
The alternate at the moment presents its personal greenback stablecoin, Cryptodoral (UXD), in addition to new stablecoins backed by native fiat currencies, together with wARS pegged to the Argentine peso, wBRL pegged to the Brazilian Actual, wMXN pegged to the Mexican peso, and a tokenized model of Argentina’s most traded sovereign bond, which Serrano says is “extra traded”. It befell on the Sunday of Argentina’s final election in October 2025.
“Essentially the most liquid asset [like sovereign debt] They would be the first to be tokenized,” he advised Cointelegraph, including that greenback tokenization is simply step one in bringing extra of the actual economic system on-chain, from horses to actual property.
Repair the stablecoin UX
Ripio’s native stablecoin runs on Ethereum’s mainnet, base, and world chain, and the world app is essentially the most deeply built-in thus far, with wARS buying and selling quantity of roughly $200,000 within the launch month of December 2025 and roughly $160,000 to date in January.
Serrano says the preliminary traction is “very encouraging,” however acknowledges that the aim for Lipio’s native foreign money stablecoin is “at the least $100 million in whole property below administration by the top of the yr.”
This mannequin, which mixes an area stablecoin with a digital native checking account, is designed to repair what Serrano believes is a “poor” person expertise (UX) in non-custodial wallets, forcing customers right into a clunky “purchase” circulate that leads to immediate overseas alternate (FX) losses when changing to a greenback stablecoin.
Ripio goals to make step one as simple as doable by permitting customers to alternate native foreign money for native stablecoins on a 1:1 foundation with none FX upfront prices.
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Native stablecoins for municipal bonds
In the long run, Serrano believes native stablecoins can be important for decentralized finance (DeFi) lending in international locations like Argentina and Brazil, the place it makes little sense for native workplace employees to borrow in US {dollars}.
He mentioned most DeFi protocols “drive you to borrow in USDC or USDT,” which creates foreign money danger for debtors whose revenue is in pesos or reals and might rapidly lose worth.
Moreover, he mentioned, “a big a part of the economic system is denominated in native currencies,” and argued that borrowing ought to comply with swimsuit, and that native stablecoins are the lacking “constructing block” for that change.
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10 years belongs to stablecoins
Lipio’s technique unfolds in opposition to a backdrop of home turmoil. Whereas Serrano praised President Javier Millay for his “nice macroeconomic achievements,” he mentioned his “tunnel imaginative and prescient” left little room for cryptocurrencies, regardless of their ideological overlap with libertarianism.
Commenting on Coinbase’s current choice to droop its peso fiat rail, he famous that “there may be lots of localization in monetary companies,” and with growing regulation, it could now not be “economically rational” to take care of native operations given licensing and compliance prices.
Reasonably than going head-to-head with each retail app, from Binance for buying and selling to Lemon for Bitcoin-backed playing cards, Serrano says Lipio went B2B as a result of it could possibly be the “supplier” behind a number of platforms fairly than competing with them.
In line with stories, stablecoins are round $33 trillion On-chain in 2025, he mentioned, the stage is theirs. “That is going to be the last decade of stablecoins.”
