NuARS seeks to become an input to develop all kinds of defi tools: such as loans, deposits, P2P (person to person) exchanges, and even futures markets and other applications. As well It would allow generating savings with higher interest rates than those obtained in the traditional banking system.
It is an innovative solution for those people who use weight for various operations, now being able to do so within the crypto ecosystem taking advantage of the same benefits of cryptocurrencies: agility, security, privacy and decentralization. The objective of the nuARS is not hoarding to store value, but rather person-to-person exchange, receiving collections and making payments, among many other daily applications, guaranteeing parity with the Argentine peso and, above all, the benefits of decentralization.
The token has a base of more than $200 million outstanding and is already being listed on leading exchanges. “Many people associate the crypto world with the idea of hoarding investments with the illusion that prices will skyrocket from one moment to the next. In that sense, thinking of a cryptocurrency of the Argentine peso, a currency that suffers more than 50 points of annual inflation, seems like a meaningless idea. However, the purpose of nuARS is different and has to do with allowing Argentine users to carry out operations with values equivalent to the national currency but 100% within blockchain technology with all the benefits that this implies”, explained Santiago Migone, COO of NUM Finance in its official statement.
“With nuARS, Argentine users will be able to operate in the crypto world more easily, since today it is not possible to operate in decentralized finance applications with pesos. Instead, with the nuARS cryptocurrency, the entire operation can be carried out without leaving the blockchain”, adds Migone.
Profits
1- Carry out P2P operations (person to person) in nuARS in a decentralized and private way instead of making a traditional transfer via CVU (fintech) or CBU (traditional banking).
2- nuARS is available in PancakeSwap which allows the user to exchange it for dollars immediately and at a transparent price. For that, NUM Finance has already launched a liquidity pool of US$2 million on this platform.
3- Any user will be able to offer loans in nuARS in exchange for DAI or USDT as collateral, which will make it possible to have more attractive interest rates than those offered by the traditional financial system.
The recent launch of nuARS will soon be joined by new launches in Latin American countries such as Peru, Mexico and Brazil. All the NUM stablecoins will be, in this first stage, collateralized only in other cryptocurrencies, and in a second stage they will also be collateralized in fiat currency.
Source: Ambito
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