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Peso Mexicano (wMXN)

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WMXN

1 WMXN = - GOLD 1 WMXN = - USDT

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WMXN

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Stablecoin

About Peso Mexicano (wMXN)wMXN is a stablecoin pegged 1:1 to the Mexican peso (MXN) and issued by a subsidiary of Ripio, a crypto company operating in Latin America since 2013. It is part of Ripio's wFiat suite, a group of fully collateralized stablecoins pegged to local Latin American currencies: the Argentine peso (wARS), Brazilian real (wBRL), Mexican peso (wMXN), Colombian peso (wCOP), Peruvian sol (wPEN), and Chilean peso (wCLP). The "w" denotes a wrapped token designed to maintain parity with its reference currency, backed by liquid instruments denominated in that same currency. Each wMXN token is intended to represent one Mexican peso held in reserve. Tokens are minted when fiat is deposited and redeemed when holders withdraw, so the circulating supply tracks the reserves backing it rather than following a predetermined emission or vesting schedule. This allows users to hold and transfer value denominated in MXN on-chain without converting to a US dollar-denominated asset. wMXN is deployed as an ERC-20 token across EVM-compatible networks, including Ethereum, Base, and World Chain. The token is available on Ripio's exchange through integrated on/off-ramp rails and can be traded on decentralized venues where liquidity is provisioned. The token is designed for several use cases. Holders can save or hold value in local currency, send transfers between wallets, and make payments to merchants or peers. Because value moves on-chain and conversion to fiat occurs only at the endpoints, wMXN can support cross-border remittances and foreign-exchange flows at lower cost than traditional rails. In decentralized finance, the token can be traded, supplied as liquidity, or used as collateral for lending and borrowing across the networks where it is deployed. For businesses and institutions, it supports local-currency treasury management, rebalancing, and B2B on/off-ramp operations. Ripio operates across Argentina, Brazil, Mexico, Colombia, Peru, and Chile, serving retail and business users. The company was founded in 2013 and has raised funding from investors including Digital Currency Group, Pantera Capital, and Draper Ventures, among others. The wFiat stablecoins were launched in phases during 2025, beginning with wARS, wBRL, wMXN, and wCOP, followed by wPEN and wCLP, forming a regional suite of local-currency stablecoins. Distribution channels include integration with World App and partnerships with regional financial platforms. According to Ripio, near-term plans include deploying the stablecoin contracts on additional EVM chains, launching bridges to improve cross-chain liquidity and treasury rebalancing, and pursuing integrations with self-custody wallets and DeFi protocols so the wFiat tokens are recognized as local-currency stablecoins for swaps, lending, and on/off-ramps. On the payments side, the stated goal is to enable merchant acceptance, QR-based payments, and consumer wallet usage so users can hold and spend in their local unit of account.

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Redeemable

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CEX Listed

KYC to mint or redeem

Transferable

Self Custody