nARS (nARS) - Stablecoin pegged to the Argentine peso
nARS (nARS) was born to be the new stablecoin pegged to the Argentine peso, keeping its value stable over time.
It was created by Num Finance, which is in charge of developing financial solutions for emerging economies.
It operates within the Polygon network, so it is beginning to be available on most of the cryptocurrency exchanges in Latin America.
Key Metrics nARS (nARS)
What is nARS (nARS)?
nARS is a stable cryptocurrency that is on par with the Argentine peso and operational on the Polygon network. This digital currency was created by Num Finance, a company specializing in developing financial solutions for emerging economies, with the objective of linking traditional local markets with the crypto ecosystem.
Num's stable token family offers the possibility to leverage Decentralized Finance (DeFi) tools while maintaining a local currency reference. Using nARS for purchases and payments is similar to using Argentine pesos, but with the advantage of obtaining additional benefits associated with cryptocurrencies, thus creating a new form of currency, very similar to what happens with MMXN in Mexico.
As we mentioned to you, Num Finance is the company responsible for issuing nARS. Its mission is to create stablecoins based on Latin American currencies to facilitate the access of individuals and companies to cryptocurrencies and decentralized finance.
Num stablecoins (num-S) seek to expand the applications of cryptocurrencies by providing access to credit, rewards, and new payment methods. Within its platform, it is possible to obtain loans using any of its stablecoins as collateral, backed by other cryptocurrencies.
In addition to nARS, its catalog also includes nuPEN, a stablecoin that maintains a 1-to-1 parity with the Peruvian sol. A stablecoin for the Mexican peso and another for the Brazilian real are also expected to be launched soon.
nARS (nARS): What makes it different and why invest?
With its incorporation, nARS has enabled Argentine users to carry out operations with a token that holds a value equivalent to their national currency within the blockchain.
In addition, this token aims to become a fundamental component for the development of various DeFi tools, including loans, deposits, P2P exchanges, futures markets, and offer yields higher than those traditionally provided by bank rates.
In this way, nARS becomes one of the first stable currencies to represent a Latin American asset, bringing new opportunities and financial solutions to the region.
In addition, we should mention that stablecoin are an excellent way to invest in cryptocurrencies, because, since they do not have such a fluctuating value, you can calculate your risk and know how to act.
If you have questions regarding this information, please contact the TruBit Team via our chat channel or email us HERE and we'll be in touch!