Mento Dollar

Mento Dollar (USDm) is an algorithmic stablecoin — its USD peg is maintained by on-chain protocol mechanics rather than off-chain reserves. $16M is currently in circulation across 5 blockchain networks. The mechanism adjusts supply (mint and burn) in response to market price deviations from the target peg.

Mento Dollars (USDm) are stablecoins that follow the US Dollar and are backed by Mento's Reserve system. The Mento Reserve is diversified portfolio of crypto assets.

Mento Dollar (USDm) is issued by Mountain Protocol, operating under Bermuda (Bermuda Monetary Authority Digital Asset Business licence). Originally launched in 2023.

Issuer information is compiled from public disclosures, NYDFS / BMA regulatory filings, and primary-source attestation reports. Always verify directly with the issuer before making decisions.

Mento Dollar (USDm) supply expanded by $203.5K (+1.29%) in the last 24 hours, expanded by $1.3M (+9.03%) over the past week, and expanded by $1M (+6.79%) over the past 30 days.

Expansion phase: minting activity has outpaced redemptions, with circulating supply growing 6.79% over the past month.

Mento Dollar circulates across 5 blockchain networks. Celo hosts the largest share at 91.15%, followed by Monad at 7.68%. Cross-chain distribution has remained broadly stable over the past 30 days.

Mento Dollar (USDm) relies on protocol-level supply rebalancing rather than direct asset redemption to defend its 1.00 USD peg. The spot price is currently $1.0000 (+0.001% deviation). Algorithmic designs carry materially higher peg-failure risk than reserve-backed stablecoins — the May 2022 Terra/UST collapse remains the canonical reference case.

Peg-stability commentary is based on the mechanism class (algorithmic) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.

Mento Dollar (USDm) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.

Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.

Below are the largest algorithmic stablecoins tracked on Mantapex alongside Mento Dollar (USDm). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.

Mento Dollar (USDm) is tracked across major crypto data providers. The links below open Mento Dollar (USDm)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.

Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.