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As of Nov 12, 2026, Mento West African CFA Franc (XOFm) has a market cap of $9,077 across 1 chain, most of it on Celo ($5.37m).
Stablecoin information
XOFm is a XOF-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 XOFm against it.
Category:crypto-backed
Minting and Redemption
XOFm is minted by depositing collateral into a Mento CDP (trove) and borrowing XOFm against it. Repaying the borrowed XOFm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | <0.0001% | <0.0001% | 5.37m |
