Profile
wCOP profile facts
Ripio wCOP (wCOP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Colombian Peso.
- Collateral
- Colombian-peso fiat cash deposited in a Colombian bank account, backing Ripio wCOP one-to-one against the Colombian peso per Ripio's wFIAT token certification
- Peg mechanism
- WCOP is issued and managed by Ripio against local fiat reserves. The wFIAT whitepaper expressly denies token holders any issuer redemption right or claim to funds. Exits depend on secondary-market liquidity, available Ripio on/off-ramp flows, or issuer-managed market operations.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Agreed-Upon Procedures by Pablo Eduardo Soto, partner at SLD y Asociados S.A. (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
- 7 deployments tracked across Ethereum, Base, World Chain, and BSC, plus 3 more.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
wCOP quick answers
5
What is Ripio wCOP (wCOP)?
WCOP is Ripio's reserve-backed Colombian-peso stablecoin; holders have no issuer redemption right and exit through markets or available ramps. The static profile records its Colombian Peso peg mechanism as: WCOP is issued and managed by Ripio against local fiat reserves. The wFIAT whitepaper expressly denies token holders any issuer redemption right or claim to funds.
Is wCOP safe?
As of Nov 8, 2026, Pharos grades wCOP D (45/100) 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 wCOP?
Pharos records wCOP's reserves as of Jun 30, 2026 as 100% Colombian-peso cash deposited in a Colombian bank account. Reserve evidence: Agreed-Upon Procedures, latest period ending Jun 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can wCOP 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 wCOP?
Under the route Pharos reviewed on Oct 7, 2026, wCOP 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.
