Mento British Pound(GBPm)
Market Cap$406,922
Price$1.32
Total Circulating307,542
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 RedemptionGBPm 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% | +0.18% | -12.15% | -8.30% | 208,448 | ||
| 0 | -0.36% | +41.39% | +14.93% | 99,094 |