Profile
wARS profile facts
Argentine Peso (wARS) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Argentine Peso.
- Collateral
- Argentine peso reserves and local-currency liquid instruments backing WARS at a 1:1 target against the Argentine peso
- Peg mechanism
- Issuer-managed fiat-backed stablecoin route targeting 1 WARS = 1 ARS; DefiLlama classifies the asset as fiat-backed
- Jurisdiction
- Argentina
- Proof of reserves
- Agreed-Upon Procedures by Pablo Eduardo Soto, partner at SLD y Asociados S.A., CPCECABA T.275 F.153 (certification under Argentine Technical Resolution 37 Section VI; the document states it does not constitute an audit or a review and expresses no professional opinion) Reserve source
- Contracts
- 10 deployments tracked across Ethereum, Base, World Chain, and BSC, plus 6 more.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
wARS quick answers
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What is Argentine Peso (wARS)?
WARS is Ripio's wrapped Argentine peso stablecoin targeting 1 WARS = 1 ARS, backed by ARS bank deposits and local-currency instruments via wFIAT. The static profile records its Argentine Peso peg mechanism as: Issuer-managed fiat-backed stablecoin route targeting 1 WARS = 1 ARS; DefiLlama classifies the asset as fiat-backed.
Is wARS safe?
As of Nov 8, 2026, Pharos grades wARS D (48/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs wARS?
Pharos records wARS's reserves as of Jun 30, 2026 as 100% Argentine-peso deposits at Argentine financial institutions. Reserve evidence: Agreed-Upon Procedures, latest period ending Jun 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can wARS be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem wARS?
Under the route Pharos reviewed on May 5, 2026, wARS redeems for a single stable asset, such as cash or a stablecoin; holder eligibility is not documented. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
