Mento Euro(EURm)
Market Cap$2.03m
Price$1.14
Total Circulating1.78m
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 RedemptionUsing 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 | +0.58% | +1.52% | -7.20% | 1.77m | ||
| Allbridge | 100% | -0.01% | -0.01% | -0.01% | 7,837 | |
| Optics Bridge | 100% | +0.47% | +0.47% | +0.47% | 43.2 | |
| Optics Bridge | 100% | +0.20% | +0.20% | +0.20% | 10.02 |