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Argentinians Gain Inflation Hedge as Ripio Introduces U.S. Dollar-Pegged Stablecoin UXD

Ripio users in Argentina, where annual inflation is running at 115%, are already able to purchase the UXD stablecoin, also called Criptodólar, the company said Thursday. The stablecoin, which is also available in Brazil, is hosted on LaChain, a Latin America-focused layer 1 blockchain launched in June by Ripio in collaboration with SenseiNode, Num Finance, Cedalio and Buenbit, among others.

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