WMXN, issued by Moonbird S.R.L., is a fiat-pegged stablecoin that tracks the Mexican peso (MXN) at 1:1 parity, backed by fiat reserves held in a local Mexican bank account and verifiable onchain. [S1][S2]

Holders receive a token tracking the Mexican peso (MXN) at 1:1 parity, with collateral held as fiat in a Mexican bank account. [S1][S2] As of March 31, 2026, the issuer reported 518,689 WMXN issued against MXN 937,364.13 of collateral. [S3][S1][S4] The token is peg-tracking and does not itself disclose embedded yield. [S1][S2] Users can send and receive without additional fees, though network gas costs may apply. [S1]

Moonbird S.R.L. is an Argentine entity registered as a Virtual Asset Service Provider (PSAV) under N° 36, dated June 5, 2024. [S3][S5] Moonbird is not authorized to operate as a financial entity by the Central Bank of the Argentine Republic (BCRA), and held funds do not constitute deposits. [S3][S6] Under Ripio's Argentine terms, the tokens are not a negotiable value, security, or commodity. [S5] KYC identity verification is required. [S7] Holders redeem by returning the token to release the equivalent segregated reserve, with onramp and offramp convertibility to fiat. [S1][S4] Custodied virtual assets remain the property of the user, with Moonbird acting as custodian. [S5]

WMXN is an ERC-20 token issued across Ethereum, World Chain, Base, Polygon, Gnosis and Binance Smart Chain. [S3][S1][S4] The issuing entity mints and burns tokens, with each issuance and burn event verifiable onchain via listed transaction IDs against attested fiat collateral. [S1][S4] Cross-chain movement uses the Ripio Bridge smart contract, with estimated settlement around 15 minutes. [S8]

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://www.ripio.com/en/cryptos/local-stablecoins" },
    { id: "S2", url: "https://www.ripio.com/es/criptos/stablecoins" },
    { id: "S3", url: "https://www.ripio.com/en/cryptos/local-stablecoins" },
    { id: "S4", url: "https://launchpad.ripio.com/guias/stablecoins" },
    { id: "S5", url: "https://terms.ripio.com/ar/wallet" },
    { id: "S6", url: "https://terms.ripio.com/select/ripio-us" },
    { id: "S7", url: "https://terms.ripio.com/select/notice-of-limited-services-available-in-the-united-states" },
    { id: "S8", url: "https://bridge.ripio.com/" },
  ]}
/>


Stablecoins

Ripio operates a crypto exchange and payments platform, issuing local-currency stablecoins (USDR, wBRL, wMXN, wARS) and generating revenue through trading fees and B2B payment rails.

Ripio is a Latin American fintech platform providing lending, trading, and blockchain payment services to over 100,000 users across the region.

Ripio was founded in 2013 by Sebastian Serrano in Buenos Aires, serving 3M+ users across Latin America and Spain.

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Ripio

Mexican Peso (WMXN) is a Mexican Peso stablecoin issued by Ripio.

Reserves are held in bank deposits, attested quarterly by SLD y Asociados S.A.

Retail investors, professional investors, accredited investors, qualified investors, and qualified purchasers can mint and redeem directly with Ripio in MXN after completing KYC, and holders have a contractual right to redeem at par.

WMXN has been issued on public blockchains since October 2025 and is native to 7 networks, including World Chain, Base, Ethereum, BNB Chain, Gnosis, and Polygon.

Mexican PesoWMXN

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