Ripio wCOP (wCOP) stablecoin analytics
Answer First
What is Ripio wCOP (wCOP)?
WCOP is Ripio's Colombian-peso wrapped fiat stablecoin, issued and redeemed through Ripio's wFIAT on/off-ramp infrastructure against local-currency reserves. The static profile records its Colombian Peso peg mechanism as: WCOP is issued and managed by Ripio against local fiat reserves, but ordinary holders do not have a documented direct redemption right with the issuer. Exits depend on secondary-market liquidity, Ripio on/off-ramp flows, or issuer-managed...
Is wCOP safe?
Pharos does not assess wCOP as safe: it holds an F Safety Score grade (34/100) in the latest published rating, which flags significant structural risk. Static metadata says Ripio wCOP uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Agreed-Upon Procedures from Pablo Eduardo Soto (sole-practitioner 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); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Ripio wCOP (wCOP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Colombian Peso.
AI summary / Updated Sep 7, 2026
WCOP is Ripio's Colombian peso wFIAT token, added through DefiLlama's price and supply coverage with verified native deployments on six EVM chains. It overlaps thematically with Mento COPm but uses a different issuer model: off-chain local-currency custody backing and issuer-native issuance on each chain, linked by Ripio's own burn-and-mint bridge rail, rather than Celo's Mento reserve. COP is still grouped under OTHER pending broader peg-currency support. Reserve evidence has improved but stays thin: a March...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Independent public accountant certification for wCOP - March 2026 and Ripio local stablecoins
- 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, but ordinary holders do not have a documented direct redemption right with the issuer. Exits depend on secondary-market liquidity, 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 (sole-practitioner 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.
Next Actions
Exact bot target: /subscribe dews,depeg,safety wcop-ripio
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
wCOP quick answers
What is Ripio wCOP (wCOP)?
WCOP is Ripio's Colombian-peso wrapped fiat stablecoin, issued and redeemed through Ripio's wFIAT on/off-ramp infrastructure against local-currency reserves. The static profile records its Colombian Peso peg mechanism as: WCOP is issued and managed by Ripio against local fiat reserves, but ordinary holders do not have a documented direct redemption right with the issuer. Exits depend on secondary-market liquidity, Ripio on/off-ramp flows, or issuer-managed...
Is wCOP safe?
Pharos does not assess wCOP as safe: it holds an F Safety Score grade (34/100) in the latest published rating, which flags significant structural risk. Static metadata says Ripio wCOP uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Agreed-Upon Procedures from Pablo Eduardo Soto (sole-practitioner 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); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs wCOP?
Pharos classifies wCOP backing as Real-World Asset Backed. Collateral, per the static profile: 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 Reserve evidence: Agreed-Upon Procedures from Pablo Eduardo Soto (sole-practitioner 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).
Can wCOP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for wCOP, when applicable, appear in the dossier below.
