Stablecoin information
Mento Euros (EURm) are stablecoins that follow the Euro and are native to the Celo blockchain's Reserve system. The Mento Reserve is a system of smart contracts that uses a portfolio of cryptocurrencies to expand and contract the supply cEUR, similar to MakerDAO's lending protocol.
Category:algorithmic
Minting and Redemption
Using the Mento app, 1 Euro worth of CELO can be sent to the CELO reserve to mint 1 cEUR, and 1 cEUR can be burned to receive 1 Euro worth of CELO.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.23% | +0.12% | +14.26% | 1.23m | ||
| 100% | +0.77% | -0.36% | -26.27% | 213,212.37 | ||
| Allbridge | 100% | -0.01% | -0.01% | -0.01% | 7,836.53 | |
| Optics Bridge | 100% | +0.47% | +0.47% | +0.47% | 43.2 | |
| Optics Bridge | 100% | +0.20% | +0.20% | +0.20% | 10.02 |