Settle Network and Stellar launched ARST and BRLT stablecoins pegged to Argentine peso and Brazilian real respectively, enabling fast cross-border remittances between Latin America's two largest economies and addressing financial inclusion for millions of unbanked citizens.
Settle Network, Latin America's largest digital assets settlement network, partnered with Stellar to issue two stablecoins: ARST pegged to the Argentine peso and BRLT pegged to the Brazilian real. The stablecoins enable users to send Argentine pesos and convert them to Brazilian reais in seconds, streamlining international remittances and cross-border payments. The announcement came during Stellar's Meridian conference on November 19. With approximately 44% of Brazil's population and 52% of Argentina's population unbanked or underbanked, the partnership targets a significant market opportunity. The stablecoins address both trading efficiency and remittance needs while providing an alternative to volatile cryptocurrencies.