Exchanging Ripio's Brazilian real stablecoin (WBRL) for Argentine peso stablecoin (WARS) on Uniswap yields roughly 10% more Argentine pesos than traditional transfers via Wise

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Non-custodial trading protocols enabling peer-to-peer asset swaps on-chain.