Ripio CEO Acknowledges Error Following wARS Conversion Complaints
Key Highlights: Ripio users reported a loss of 1:1 parity for the wARS stablecoin, facing conversion rates of roughly 0.95 pesos per token during transfers and withdrawals. Customer evidence showed inflated token debits, including 3,157.89 wARS charged for a 3,000-peso transaction and 1,052.63 wARS quoted for a 1,000-peso transfer. While individual users observed parity returning ...