Peruvian Sol
wPEN is a fully collateralized stablecoin pegged 1:1 to the Peruvian sol (PEN). Issued and governed by a Ripio subsidiary, it brings PEN on-chain so Peruvians and global users can transact, save, and build on decentralized networks in their local currency. Backed by Ripio’s since-2013 track record in LATAM, wPEN enables faster, cheaper PEN transfers, FX and remittance flows, DeFi trading and lending, and seamless on/off-ramps and payments without leaving the PEN unit of account.
Overview
wPEN is a fully collateralized stablecoin pegged 1:1 to the Peruvian sol (PEN). Issued and governed by a Ripio subsidiary, it brings PEN on-chain so Peruvians and global users can transact, save, and build on decentralized networks in their local currency. Backed by Ripio’s since-2013 track record in LATAM, wPEN enables faster, cheaper PEN transfers, FX and remittance flows, DeFi trading and lending, and seamless on/off-ramps and payments without leaving the PEN unit of account.
- Sector
- # Stablecoins
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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