What is Mento Dollar?

Mento Dollar is one of the stablecoins listed on DeFiLlama. Use the chart above to view market-cap history, the chain breakdown to see where supply is deployed, and the peg deviation indicator to monitor stability against its target currency.

USDM chain footprint

Mento Dollar is currently deployed on 4 chains with the largest balance on Celo (88.6% of supply). Mechanism: Algorithmic. Live circulating supply is $16.25M, with a 24h change of -0.12% and 30d change of -0.75%.

USDM risks and peg history

Stablecoin holders should consider issuer credit risk, reserve quality, peg history, and concentration on individual chains or exchanges. Sharpe surfaces Mento Dollar's live peg deviation and supply distribution but does not provide investment advice.

Frequently Asked Questions

What is Mento Dollar (USDM)?

Mento Dollar (USDM) is a stablecoin tracked on Sharpe Terminal. The token's market cap, peg, mechanism, and chain distribution are refreshed every 10 minutes.

Which chains support USDM?

USDM is deployed on multiple blockchains; the chain-by-chain breakdown above lists current circulating supply on each chain.

Is USDM stable?

USDM's current price and peg deviation are shown above. Sustained deviation greater than 1% indicates redemption stress; deviation under 0.25% is considered tight.

Where can I buy USDM?

USDM is typically available on the issuer's site (mint/redeem) and on major centralized and decentralized exchanges. Use the chain breakdown above to identify which chain has deepest liquidity for USDM.