Hold COPco balance and earn daily rewards backed by Cobre's investment activity#
COPco is Cobre's COP-denominated Cobre Balance, currently in its closed-loop phase. It lets businesses hold pesos in a Cobre Balance and earn a daily reward generated from Cobre's own investment activity, while still being able to move funds in and out using their COP fiat balance. This feature is enabled via API and Portal.
1. What Cobre Enables with COPco & Rewards#
With COPco, Cobre enables businesses to:Hold a COP-denominated balance (COPco) as a Cobre Balance
Earn a daily reward on the COPco balance, automatically and without manual enrollment steps beyond activation
Convert between COP fiat and COPco on demand (on-ramp / off-ramp)
Track reward payments as a distinct, identifiable transaction type
Operate COPco using the same conceptual primitives as other Cobre flows:
2. COPco & Rewards in the Cobre Model#
This capability fits into Cobre's ecosystem as a reward-generating COP balance:Cobre Balance (COPco) is the balance that holds COP-denominated value and accrues rewards
Cobre Balance (Colombia, COP) is the fiat counterpart used to fund and withdraw from the COPco balance
Money Movements represent on-ramp and off-ramp conversions between the two balances
Transactions reflect both the conversions and the daily reward credits on the COPco balance
3. Key Capabilities / Options#
3.1 Holding COPco (Closed Loop)#
The only way to hold COPco is through a Cobre Balance of type COPco. Supported operations:Hold COPco balance and earn daily rewards
Convert COP fiat to COPco (on-ramp) and back (off-ramp)
Transfer COPco between the client's own Cobre Balances
Convert between COPco and usd_stable (FX Spot)
3.2 Daily Rewards#
Rewards accrue automatically once a COPco balance is enrolled, based on the balance held. The calculation uses a snapshot of the balance from the last business day, and the resulting credit shows up as a distinct transaction type on the balance.For non-business days, the reference balance used for the calculation is the lower of that day's balance and the prior business day's balance — this avoids crediting rewards on funds a client withdrew over a weekend or holiday before the calculation runs.In rare occasions the reward can be 0, but it will never be negative.
4. Core Concepts and Terminology#
COPco: Cobre's COP-denominated Cobre Balance, currently in a closed-loop phase — not a stablecoin
Closed Loop: The current phase where COPco lives only within Cobre Balances, without external circulation, wallets, or on-chain payins/payouts
Reward: The daily credit applied on a COPco balance, sourced from a share of Cobre's investment return — not a fixed yield or interest rate
Entitled balance: The balance snapshot used to calculate a given day's reward credit
Mint / Burn: The on-chain issuance or destruction of COPco that backs each on-ramp or off-ramp conversion
5. Speed, Settlement & Reliability#
Rewards are calculated and credited daily, including for non-business days, using the entitled balance rules described above. On-ramp is instant and free. Off-ramp is either standard (subject to settlement windows, free) or instant (real time, with an associated cost) — see Stablecoin Funding for details on that flow.
6. Typical Business Use Cases#
Colombian businesses that want to hold COP-denominated reserves while earning rewards, instead of leaving idle balance in a non-reward-generating account
Treasury teams looking to generate a return on operating float held between payment cycles
Businesses gradually shifting COP liquidity into a reward-generating balance while retaining full on-demand convertibility back to fiat
7. Transactions, Reporting & Reconciliation#
Each daily reward payment is recorded as a distinct, identifiable transaction on the COPco balance
The transaction includes the entitled balance used for the calculation and its reference date, so finance teams can independently verify the computation
On-ramp and off-ramp conversions generate their own transactions, separate from rewards, so funding activity and reward accrual can be reconciled independently
8. Governance, Controls & Auditability#
Reward enrollment and the shared percentage are controlled per client, giving Cobre and the client visibility at any given time
Every reward credit is idempotent per balance and date, so retries or reprocessing cannot result in duplicate payments
The closed-loop design itself is a control: COPco cannot leave a client's Cobre Balances on-chain in this phase, limiting exposure to on-chain risk while still generating a reward
9. Summary — What Cobre Delivers with COPco & Rewards#
Cobre enables businesses to: Hold a COP-denominated Cobre Balance (COPco)
Earn daily rewards automatically, based on a transparent entitled-balance calculation
Convert freely between COP fiat and COPco on demand
Track rewards as a distinct, auditable transaction type
Rely on a closed-loop design that limits on-chain exposure while still generating a returnCOPco gives Colombian businesses a way to earn a return on COP balances they would otherwise hold idle, with the controls and predictability expected from a payments platform.
