Mento British Pound(GBPm)
Market Cap$349,018
Price$1.34
Total Circulating260,797
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:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 100% | -16.37% | -12.35% | -23.65% | 181,165 | ||
| 0 | +55.99% | +24.26% | -5.67% | 68,885 |