Ripio wPEN (WPEN) stablecoin analytics
Answer First
What is Ripio wPEN (WPEN)?
WPEN is Ripio's Peruvian-sol wrapped fiat stablecoin, issued and redeemed through Ripio's wFIAT on/off-ramp infrastructure against local-currency reserves. The static profile records its Peruvian Sol peg mechanism as: Fiat-backed 1:1 PEN stablecoin under Ripio's wFIAT framework: a Ripio subsidiary mints and burns supply via role-based access control (DEFAULT_ADMIN_ROLE / MINTER_ROLE) against PEN collateral, with mint and redeem routed through Ripio's PEN on/off-ramp; the contract is a UUPS-upgradeable, pausable ERC-20 with EIP-2612 permit
Is WPEN safe?
Pharos does not assess WPEN 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 wPEN uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with curated reserve profile; 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 wPEN (WPEN) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Peruvian Sol.
AI summary / Updated Sep 7, 2026
WPEN adds Peruvian sol exposure to Pharos through Ripio's local-currency wFIAT suite, extending Latam fiat coverage across six EVM chains without a per-token reserve attestation. DefiLlama supplies price and circulating-supply data, and Ripio's same-address deployment pattern lets Pharos track native issuance on Ethereum, Base, World Chain, BNB Chain, Polygon, and Gnosis, linked by Ripio's own burn-and-mint bridge rail. PEN is grouped under OTHER because it does not yet have a dedicated peg category.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Ripio local stablecoins and Ripio wFIAT
- 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 1:1 PEN stablecoin under Ripio's wFIAT framework: a Ripio subsidiary mints and burns supply via role-based access control (DEFAULT_ADMIN_ROLE / MINTER_ROLE) against PEN collateral, with mint and redeem routed through Ripio's PEN on/off-ramp; the contract is a UUPS-upgradeable, pausable ERC-20 with EIP-2612 permit
- 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.
Next Actions
Exact bot target: /subscribe dews,depeg,safety wpen-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.
WPEN quick answers
What is Ripio wPEN (WPEN)?
WPEN is Ripio's Peruvian-sol wrapped fiat stablecoin, issued and redeemed through Ripio's wFIAT on/off-ramp infrastructure against local-currency reserves. The static profile records its Peruvian Sol peg mechanism as: Fiat-backed 1:1 PEN stablecoin under Ripio's wFIAT framework: a Ripio subsidiary mints and burns supply via role-based access control (DEFAULT_ADMIN_ROLE / MINTER_ROLE) against PEN collateral, with mint and redeem routed through Ripio's PEN on/off-ramp; the contract is a UUPS-upgradeable, pausable ERC-20 with EIP-2612 permit
Is WPEN safe?
Pharos does not assess WPEN 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 wPEN uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with curated reserve profile; 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 WPEN?
Pharos classifies WPEN backing as Real-World Asset Backed. Collateral, per the static profile: Ripio describes wPEN as a 1:1 Peruvian-sol token backed by local-currency liquid instruments under its wFIAT framework. Reserve evidence: curated reserve profile.
Can WPEN 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 WPEN, when applicable, appear in the dossier below.
