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:
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | -0.16% | +13.93% | 1.22m | ||
| 100% | >-0.0001% | +0.36% | -25.75% | 214,733.89 | ||
| 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 |