Profile
WPEN profile facts
Ripio wPEN (WPEN) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Peruvian Sol.
- Collateral
- Ripio describes wPEN as a 1:1 Peruvian-sol token backed by local-currency liquid instruments under its wFIAT framework. The reviewed public archive publishes token-specific certifications for wARS, wBRL, wCOP, and wMXN, but no wPEN-specific report or instrument split was found there on 2026-10-01. A September 16 issuer announcement claims independently attested collateral for the full suite without linking a wPEN report.
- Peg mechanism
- Fiat-backed PEN stablecoin under Ripio's wFIAT framework: a Ripio subsidiary mints and burns supply via role-based access control against PEN collateral, targeting 1 WPEN = 1 PEN through markets or available ramps. The wFIAT whitepaper expressly denies token holders any issuer redemption right or claim to funds.
- Jurisdiction
- Peru
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 8 deployments tracked across Ethereum, Base, World Chain, and BSC, plus 4 more.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
WPEN quick answers
5
What is Ripio wPEN (WPEN)?
WPEN is Ripio's reserve-backed Peruvian-sol stablecoin; holders have no issuer redemption right and exit through markets or available ramps. The static profile records its Peruvian Sol peg mechanism as: Fiat-backed PEN stablecoin under Ripio's wFIAT framework: a Ripio subsidiary mints and burns supply via role-based access control against PEN collateral, targeting 1 WPEN = 1 PEN through markets or available ramps.
Is WPEN safe?
As of Nov 8, 2026, Pharos grades WPEN D (43/100) 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 WPEN?
Pharos records WPEN's reserves in its review of Aug 29, 2026 as 100% Peruvian-sol cash and local-currency liquid instruments. Reserve evidence: curated reserve profile. Pharos classifies the backing as Real-World Asset Backed.
Can WPEN 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 WPEN?
Under the route Pharos reviewed on Oct 7, 2026, WPEN 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.
