Stablecoin record

Mento Dollar

USD-referenced stablecoin of the Mento Protocol, formerly named Celo Dollar and symbolized cUSD. It remains the same contract-level asset after the December 2025 rebrand to Mento Dollar and USDm.

LifecycleActive

Events1

Sources3

Overview

Symbol	USDm
Asset class	Stablecoin
Reference target	Fiat
Redemption / exit model	Protocol Redemption
Valuation source	Mento Reserve and protocol exchange mechanisms
Yield / rebase profile	No recorded change · Accrual: No recorded change
Classification notes	Continuous cUSD/USDm identity. The December 2025 change was a pure rebrand with unchanged contracts and peg.
Lifecycle status	Active
Issuance status	Protocol Based
Peg reference	Fiat · USD
Backing types	Stablecoin Collateral, Crypto Collateral, Mixed
Stabilization	Protocol Arbitrage
Governance	Protocol Governed
Primary organization	Mento Protocol
Primary role	Protocol Operator
Last reviewed	2026-06-14

Organizations and roles

Organization	Role	From	Until	Relationship status
Mento Protocol	Protocol Operator	—	—	Active

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Mento Protocol

DeFi Protocol · Unknown

Event history

1 event connected to this stablecoin.

Reserve profile

Disclosure status	Protocol-transparent
Backing types	Stablecoin Collateral, Crypto Collateral, Mixed
Summary	USDm is supported by the overcollateralized Mento Reserve and reserve-liquidity strategies. Mento V3 documentation describes mint and burn actions around reserve-backed USDm pools while preserving the continuous asset identity from cUSD.
As of	2026-06-14
Profile confidence	High

Redemption profile

Current status	Protocol Based
Settlement asset	Supported Mento reserve or pool assets through protocol exchange routes
Eligible parties	Users able to access supported Mento contracts, pools, interfaces, and chains.
Retail access	Public Protocol Based
Institutional access	Public Protocol or Integrator Based
Minimum amount	Pool, quote, and transaction dependent.
Fee	Protocol incentives, pool conditions, and network costs may apply.
Settlement time	On-chain transaction dependent.
Regional limits

Record coverage

Section	Entries
Organizations	1
Sources	3
Reserve reports	0
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	2
Events	1

Event timeline

Date	Event	Type	Detail kind	Recovered
2025-12-17	Celo Dollar becomes Mento Dollar and cUSD becomes USDm	Migration	Migration	—

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
No reserve reports have been added yet.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

Blockchain deployments

Chain	Standard	Deployment	Status	Freeze	Blacklist	Control events	Contract	Notes
Celo	—	Protocol Issued Token	Active	Unknown	Unknown	0	0x765DE816845861e75A25fCA122bb6898B8B1282a	Continuous Celo contract retained through the cUSD-to-USDm naming change.

Sources

Source	Publisher	Type	Evidence scope	Reliability
The Evolution of Mento: cUSD becomes USDm	Mento	Official Statement	Identity Rebrand, Contract Continuity, Event Date	High
Mento Reserve and reserve-liquidity strategy	Mento Documentation	Official Documentation	Reserve Mechanism, Mint Burn Mechanics, Protocol Redemption	High
Mento SDK example using the continuous Celo USDm contract	Mento Documentation	Official Documentation	Contract Identity, Celo Deployment, Protocol Exchange	High

Open questions

Topic	What remains unclear	Priority	Last checked
V3 Transition Boundary	The exact production boundary between legacy Mento reserve mechanics and every Mento V3 pool or strategy is not fully normalized in this record.	Medium	2026-06-14
Non Celo Deployments	Current and planned native, bridged, or pool-based USDm representations outside Celo require chain-by-chain identity verification.	Medium	2026-06-14