June 9th, 2023 – Num Finance, the leading issuer of local stablecoins in Latin America, is delighted to announce its listing on Ripio, one of the region’s most influential cryptocurrency exchanges. This partnership marks a critical advancement in Num Finance’s strategy to amplify the reach and accessibility of its innovative financial products.
Num Finance on Ripio
Central to this launch is the introduction of nARS, a stablecoin pegged to the Argentine peso, representing a key pillar of Num Finance’s forward-thinking approach. As pioneers in the integration of Real-World Assets (RWA) and digital assets into the blockchain, Num Finance is solidifying its leadership in this evolving field.
With the new listing, over 3 million users in Latin America will be able to buy and sell nARS with 0% commission from their Ripio Wallet. This vital expansion will transform the Num Network into a financial tool network for emerging economies. Additionally, Ripio users can use their nARS to make purchases with their Ripio Card and receive a 3% cashback in USDC.
Our goal: Real World Assets on Polygon
The launch of nARS exemplifies Num Finance’s broader mission. The company, having a strong foundation in the decentralized finance (DeFi) space, is committed to creating an extensive network of stablecoins, known as the ‘Num Network’. This suite of financial offerings facilitates efficient operation augmentation for businesses in emerging markets through yields, loans, and digital assets, enabled by local ramps and tokens.
“Our vision transcends the creation of a single stablecoin”, said Agustín Liserra, CEO of Num Finance. “We are driven by the ambition to develop a robust network of stablecoins and RWAs, aiming to provide a resilient financial infrastructure that empowers businesses in the digital economy.”
Num Finance is also excited to announce the expansion of Num Stablecoins to Polygon, offering faster and more cost-effective transactions. This move enhances the utility and accessibility of the Num Network. nARS and nPEN, Num Finance’s stablecoins, now serve as robust financial instruments, offering global money transfer, liquidity access, and yield earning opportunities to effectively combat inflation. Thanks to the integration of Num-S with Polygon, users can take full advantage of these products, enjoying fast and seamless transactions while benefiting from minimal transaction fees.
“A disparity often arises in financial offerings, favoring those residing where such products are developed. We see the potential in tokenizing Real World Assets and making them universally accessible through public networks. This will introduce advanced financial technology to regions where traditional finance remains outdated,” added Liserra.