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% | -33.10% | -33.02% | -41.90% | 93,433.84 | ||
| 0.00% | -1.51% | -18.79% | +17.00% | 84,761.71 |