Mento Dollar token
Overview
Mento Dollar (USDm) is a decentralized stablecoin issued via the Mento protocol on the Celo blockchain, pegged to the US dollar. It is the rebrand of Celo Dollar (cUSD) — the same token and contract, now presented as USDm. It is backed by a diversified, over-collateralized basket of on-chain reserve assets and is primarily used for payments, savings, and as a stable medium of exchange within the Celo ecosystem.
Within the DeFi Intel graph, Mento Dollar connects to tracked entities, most strongly to Celo, Mento, the reserve basket.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Celo | 95% |
issued_by | Mento Labs | 95% |
backed_by | Celo Native | 90% |
backed_by | Reserve Basket | 90% |
Frequently asked questions
What is Mento Dollar?
Mento Dollar (USDm) is a stablecoin on Celo, pegged to the US dollar and issued via the Mento protocol, which uses a diversified over-collateralized reserve basket to maintain its peg.
How does Mento Dollar maintain its peg?
The peg is maintained through Mento's reserve and on-chain market operations that adjust supply against a diversified collateral basket in response to demand, rather than a single fiat-backed asset.
Is Mento Dollar the same as Celo Dollar (cUSD)?
Yes. Mento Dollar (USDm) is the rebrand of Celo Dollar (cUSD); it is the same token and contract, now presented under the Mento brand as USDm.
What is Mento Dollar connected to?
In the DeFi Intel knowledge graph, Mento Dollar is linked to other tracked entities, most strongly to Celo, Mento, the reserve basket.
Live news feed, full graph, and search.