Timothy Morano Jul 31, 2026 19:48
Ripio expands its Latin American stablecoin portfolio with wFIAT integration on Celo, offering no-cost on-/off-ramps and enabling real-world use cases.
Ripio, one of Latin America’s largest crypto platforms, has deployed its wFIAT stablecoin stack on the Celo blockchain, bringing six local currency-pegged stablecoins to the network. The integration includes the Argentine Peso (wARS), Brazilian Real (wBRL), Mexican Peso (wMXN), Colombian Peso (wCOP), Chilean Peso (wCLP), and Peruvian Sol (wPEN). Users can now access these digital currencies with no-cost on-/off-ramps, marking a significant step in expanding crypto accessibility across the region.
Celo, which transitioned to an Ethereum Layer 2 in March 2025, has become a leader in stablecoin activity. The network boasts over $65 billion in stablecoin transaction volume and 1.3 billion lifetime transactions as of July 2026. Celo’s infrastructure supports real-world use cases such as remittances, payments, and savings, with the unique capability of paying gas fees directly in stablecoins.
The addition of wFIAT stablecoins strengthens Celo’s ecosystem, which now offers a total of 31 stablecoins. This partnership aligns closely with Ripio’s mission to provide accessible financial solutions in Latin America. According to Ripio’s Head of Product, Fermin Rodriguez Penelas, the integration “gives people and businesses across Latin America a way to hold, send, and receive money in the currency they actually use, without needing a bank account or middleman.”
Dr. Markus Franke, Global Head of Stablecoins at Celo Core Co., emphasized the importance of local currency stablecoins for real-world utility, stating that Ripio’s deployment will “unlock new remittance corridors and onchain FX solutions.” Textile FX, a decentralized liquidity network within the Celo ecosystem, has already launched wARS and wBRL trading, supported by Tribeca Park Capital.
Ripio’s stablecoins are fully collateralized 1:1 by local fiat currency and regulated instruments, with issuance adhering to the ERC-20 standard. Developers can integrate these stablecoins into applications or build new tools leveraging Celo’s low-cost, fast-settlement infrastructure.
This move follows Ripio’s broader strategy to dominate stablecoin and Crypto-as-a-Service (CaaS) markets in Latin America. The company, founded in 2013, has grown to serve over 25 million users, operating in seven countries. Ripio’s stablecoin initiatives gained traction with the launch of wARS in November 2025 and partnerships with Mercado Libre for stablecoin integration in digital wallets across Brazil, Mexico, and Chile.
As Latin America remains a hotbed for crypto adoption due to high inflation and underbanked populations, Ripio’s no-cost on-/off-ramp model could drive further user adoption. With Celo’s infrastructure enabling scalable, low-friction transactions, the stage is set for wFIAT to expand its footprint in payments, remittances, and decentralized finance (DeFi).
Developers and businesses interested in leveraging wFIAT stablecoins can access integration documentation at docs.celo.org. Textile FX’s trading solutions for wARS and wBRL are live now, offering crosschain liquidity for users across the region.
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