LatAm crypto platform Ripio has deployed its full wFIAT stablecoin suite on @Celo, bringing six tokenized local currencies onchain with no on/off-ramp costs. The move covers the Argentine Pes
LatAm crypto platform Ripio has deployed its full wFIAT stablecoin suite on @Celo, bringing six tokenized local currencies onchain with no on/off-ramp costs. The move covers the Argentine Peso (wARS), Brazilian Real (wBRL), Mexican Peso (wMXN), Colombian Peso (wCOP), Chilean Peso (wCLP), and Peruvian Sol (wPEN).
The wFIAT suite is a group of six fully collateralized stablecoins pegged to local Latin American currencies, covering the Argentine peso, Brazilian real, Mexican peso, Colombian peso, Peruvian sol, and Chilean peso.Each token is fully collateralized in its respective fiat currency and backed by reserves held at regulated financial institutions.The stablecoins were launched in phases during 2025, beginning with wARS, wBRL, wMXN, and wCOP, followed by wPEN and wCLP, completing the six-currency regional suite.
The Celo integration adds a new distribution layer for the wFIAT stack. Both wARS and wBRL are already issued as ERC-20 assets across seven EVM-compatible networks, including Ethereum, Base, World Chain, Polygon, BSC, Gnosis, and Celo, with collateral independently attested by local public accountants. The addition of zero-cost ramps on Celo is designed to lower the last barrier to practical adoption across the region.
Trading pools for the peso and real against $USDT opened on day one through FX network Textile, giving users immediate liquidity from launch.
Celo is an EVM-compatible Layer 2 on Ethereum optimized for mobile-first payments, using phone-number-based address discovery and letting users pay gas in stablecoins or USDC instead of ETH.It hosts roughly $150 million in TVL as of mid-2026, with most activity in remittances, payroll, and savings products targeting Africa and Latin America. The Ripio integration lifts Celo's stablecoin ecosystem to 31 assets serving over 18 million holders, according to the platform.
Ripio, once a pure retail platform, has reoriented itself into a B2B infrastructure provider for Latin America's crypto ecosystem, launching a family of local currency stablecoins alongside tokenized debt assets to integrate more of the local economy onchain.Stablecoins backed by local currencies, rather than foreign monetary systems, are seen as a way to promote long-term economic health across the region by strengthening domestic monetary systems.
Free ramps on six local currencies remove one of the most persistent friction points in LatAm crypto adoption. With remittances, B2B settlements, and onchain FX all in scope, the Ripio and Celo partnership positions both platforms squarely at the center of the region's stablecoin buildout.
Sources:Cointelegraph: Ripio CEO Bets on Local Stablecoins in Latin AmericaWorld Economic Forum: Using Local Stablecoins for Economic Growth in Latin AmericaCoinMarketCap: wBRL (Ripio wFIAT) Profile
