Stablecoin information
GBPm is a GBP-pegged synthetic stablecoin on Celo, part of the Mento Protocol. It is minted via Liquity v2-style CDPs: users deposit USDm as collateral and borrow GBPm against it.
Category:crypto-backed
Minting and Redemption
GBPm is minted by depositing collateral into a Mento CDP (trove) and borrowing GBPm against it. Repaying the borrowed GBPm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 100% | -0.00% | -33.10% | -31.58% | 93,433.84 | ||
| 0.00% | -0.00% | -1.99% | -12.85% | 84,330.55 |